Capitec Bank

Bank crunch: To bail out or bail in?

Moody's ratings downgrade of South Africa's four big banks cast the rescue of African Bank in a very different light.

Capitec fights back against credit rating downgrade

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.

Capitec gears up for more bad debt

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.

Standard Bank profit rises 1% after costs offset interest income

Growth in unsecured lending and a repricing of mortgages helped boost Standard Bank's interest income.

Barclays Africa claws back at market share with mobile apps and iPads

Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.

Holdings of bonds in unsecured lenders ‘wind down’

Old Mutual has halted bond purchases from unsecured lenders, while Futuregrowth Asset Management will "wind down' holdings of bonds with the lenders.

Capitec battens down the hatches ahead of the storm

The second largest player in the unsecured lending credit sector reports a 20% increase in first half earnings.

Gerrie Fourie named as new Capitec head

Riaan Stassen, dubbed the "heart" of Capitec's founding management team, will be replaced by Gerrie Fourie as chief executive.

Capitec takes strain as SA consumers take out fewer loans

Capitec has been fairly unscathed by the ailing economy, but wont be spared in the slowdown in the unsecured lending market.

DA: R1bn looted from ANC-linked Jo’burg sinking fund

The Democratic Alliance in Johannesburg says it has proof of corruption in the management of the city's ANC-linked liability redemption fund.

Signs of rigging in Tau tender

New evidence has emerged about the deal awarded by Johannesburg while the mayor's wife, Pilisiwe Twala-Tau scored.

Capitec eyes new horizons beyond unsecured lending

Capitec Bank, the darling of the unsecured lending market, announced a R2.25billion rights issue, to fund growth in its loan book.

Latest

Slice of life: Recycling for our lives

This lockdown will hurt my family in the stomach. We will suffer for this whole period. I don’t even know what I will do when my wife gives birth in the next two weeks

Mbalula defends changing taxi operating times

Regulations for taxis have been relaxed over the last few days of the lockdown prompting criticism. Transport minister Fikile Mbalula however, has defended the decision

A week in lockdown: SA Covid-19 cases at 1 505

The health department says it is awaiting confirmation on whether two deaths in Kwazulu-Natal are related to the coronavirus disease

Press Releases

New energy mix on the cards

REI4P already has and will continue to yield thousands of employment opportunities

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world

SAB Zenzele special AGM rescheduled to March 25 2020

New voting arrangements are being made to safeguard the health of shareholders