Planning for innovation and not the pandemic has given Capitec bank runway to better results
To lessen the damage being wrought by the lockdown, the coronavirus budget mixed increased grants with more money for infrastructure and to keep businesses
TymeBank, Bank Zero and Capitec are all looking for ways to woo businesses – including SMMEs – on to their books
The African Bank, which relied on unsecured lending, has diversified its product offerings
Tshegofatso Makgabutlane always dreamed of having her own car. By budgeting carefully and using credit responsibly, her dream became a reality
Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share
The bank on Wednesday morning reiterated that it had not been contacted by the NCR
The Reserve Bank placed the African Bank under curatorship in 2014
The bank reported an 18% jump in headline earnings boosted by client growth and fee income
Ismail Momoniat said the status of Viceroy as a company made it difficult for South Africa to hold its report responsible.
Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in a sheep’s clothing and a loan shark”
In a new 33-page report, published and uploaded to the Viceroy website, the short sellers said they did not buy Capitec’s ‘good news story’.
"We have limited credit extension to lower income earners," the bank said in a statement accompanying its results.
Capitec is winning market share with its attractive offerings, and shaking up the sector.
Moody’s ratings downgrade of South Africa’s four big banks cast the rescue of African Bank in a very different light.
Capitec Bank has come out fighting against what it believes is a kneejerk downgrade of its credit rating in the wake of the African Bank’s collapse.
The country’s second largest lender of unsecured loans is setting aside more money for bad debt as mine strikes and a slow economy hit consumers.
Growth in unsecured lending and a repricing of mortgages helped boost Standard Bank’s interest income.
Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.
Old Mutual has halted bond purchases from unsecured lenders, while Futuregrowth Asset Management will "wind down’ holdings of bonds with the lenders.
The second largest player in the unsecured lending credit sector reports a 20% increase in first half earnings.
Riaan Stassen, dubbed the "heart" of Capitec’s founding management team, will be replaced by Gerrie Fourie as chief executive.
Capitec has been fairly unscathed by the ailing economy, but wont be spared in the slowdown in the unsecured lending market.
The Democratic Alliance in Johannesburg says it has proof of corruption in the management of the city’s ANC-linked liability redemption fund.
New evidence has emerged about the deal awarded by Johannesburg while the mayor’s wife, Pilisiwe Twala-Tau scored.
Capitec Bank, the darling of the unsecured lending market, announced a R2.25billion rights issue, to fund growth in its loan book.
Free shares worth almost R1-billion in Capitec is what a consortium linked to financing the ANC has scored thanks to finance from two state bodies.
Bidvest Bank says its decision to cap fees at R72 a month does not signal a price war with the big four banks in South Africa.
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/ 12 January 2012
Capitec Bank says it plans to boost its transaction income in a year, which it expects will make it less reliant on lending income.
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/ 31 October 2011
Capitec Bank says it aims to raise $110-million by issuing new shares to fund its expansion and boost capital ahead of new global banking needs.
The 67% year-on-year leap in loans with no surety has raised the hackles of the National Credit Regulator.
A new banking experience is opening up for Capitec’s clients: read the Sunday papers, take in a movie and — go to the bank?