When US short seller Viceroy took aim at Capitec at the start of 2018, the bank had grown its client base by 83% in five years and was in the middle of a strong run on the JSE. Being labelled a loan shark hit Capitec’s share price, but not for long — and the bank’s stock has risen 86% since Viceroy pinned its hopes on a fall from grace.
Capitec Bank flies high above Viceroy’s arrow
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