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Tag: Capitec Bank

Capitec launches its first full home loan offering

JSE-listed Capitec, South Africa’s largest retail and digital bank based on number of clients, has announced its foray into the home loan market in partnership with SA Home Loans. The Stellenbosch-based banking...

Capitec leaves rivals in the dust

Despite aggressive cuts to transaction fees in April, which resulted in a R227-million saving for clients, Capitec Bank still managed to report a 12% increase in net transaction fee income in...

Capitec and Nedbank shortlisted to buy South Africa’s ninth largest bank

The Portuguese government has approved a shortlist of four potential buyers to participate in the second phase of the sale process of Mercantile Bank. Mercantile Bank is owned by Portuguese...

Capitec Bank now the largest bank in SA, survey finds

Capitec Bank is now the largest bank in South Africa in terms of the number of clients who use it as their main bank, according to the Publisher Audience Measure Survey (PAMS). ...

Capitec pulls ahead to be South Africa’s top bank

The Publisher Research Council (PRC) and market research firm Nielsen have launched a Publisher Audience Measure Survey (PAMS) which measures trends and data of readers of around 150 newspapers, magazines and websites in South Africa. ...

Capitec shares rise on update, despite latest Viceroy attack

Capitec's share price yesterday shrugged off the latest salvo against the company by American short-seller Viceroy Research. The bank’s share price instead took its cue from the group’s announcement that...

Who is Viceroy and why do their accusations matter?

Following Viceroy Research’s allegations against Capitec Bank, calling the bank a “loan shark”, we take a look at why these allegations matter and have subsequently knocked Capitec’s share price by 20%. ...

Capitec reels on new Viceroy Report

Viceroy, the group that exposed accounting fraud at Steinhoff, has struck again. After weeks of speculation about which SA firm it had in its sights, the group on Tuesday published...

Capitec overtakes Nedbank, now SA’s fourth-largest bank by value

Capitec passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock. The shares of Capitec rose 2% in Johannesburg...

Capitec: The budget bank rattling South Africa’s financial sector

A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving down banking costs in...

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Over R100-billion to be invested in data centres in South Africa 

By Larry Claasen Amazon Web Services (AWS) plans to invest R46-billion in Cape Town by 2029. THE setting up of hyperscale data centres in South Africa...

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