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SA's cheapest bank just keeps on giving

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Johannesburg - Nothing, outside a financial-market collapse on the scale of the Great Recession, can faze Capitec Bank Holdings [JSE:CPI].

The lender’s stock has gained in all but one of the years since it began trading in February 2002, jumping more than 50 000%, the most among banks across emerging markets during that period.

Even as South Africa battles an economy ravaged by political unrest, the shares have climbed 24% this year, about eight times the rate of its peers on the FTSE/JSE Africa Banks Index.

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ZAR/USD
16.25
(-0.76)
ZAR/GBP
21.02
(-0.26)
ZAR/EUR
19.23
(-0.43)
ZAR/AUD
11.85
(-0.30)
ZAR/JPY
0.16
(-0.84)
Gold
1948.10
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Silver
26.87
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54694.01
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Top 40
50450.91
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Financial 15
9807.91
(-2.47)
Industrial 25
72677.75
(-0.92)
Resource 10
55511.65
(+0.71)
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