Captain Capitec still on a charge
Capitec (JO:CPIJ) is a wonderful example of a company where the valuation has moved into a different solar system from the rest of the market. The company has been one of the single greatest...
Strong Buy
or
Capitec News & Analysis
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How Much Money Is Capitec Making From Selling Funeral Plans
Capitec Bank (JO:CPIJ) announced today that funeral plan income soared by 39% to R906 million in 2022 versus R650 million in the previous year.The banking group attributed the rise in...
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Capitec Bank Attracted Close To Two Million New Digital Customers in 2022
Capitec Bank (JO:CPIJ) revealed that its retail clients using digital channels swelled by 17% or 1.9 million new customers to 10.5 million for the year to end-February 2022 versus 8.6...
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Capitec Bank Earnings Skyrocket In 2022, Boosted By Digital Solutions
Capitec Bank (JO:CPIJ) reported today 84% growth in group headline earnings to R8.4 billion for the 2022 financial year, boosted by digital solutions.The bank said it increased its active...
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Who's doing what this week in the South African M&A space?
Exchange Listed Companies Industrials REIT has acquired a further two multi-let industrial property companies for a total consideration of 17,01m, reflecting a net initial yield of 5.8%....
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Capitec Appoints Insider Grant Hardy As CFO And FD Designate
Capitec Bank (JO:CPIJ) announced on Wednesday that it has appointed Group Services Financial Head, Grant Hardy, to be a chief financial officer (CFO) and financial director (FD)...
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Capitec: through-the-cycle growth and B-BBEE
Capitec (JO:CPIJ) closed 2.6% higher on Wednesday after releasing a trading statement and news of a potential B-BBEE transaction. For the year ending February 2022 (still a while away),...
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Discovery Bank Is Signing Up 600 Clients Daily
Discovery (JO:DSBPp) Bank, part of Adrian Gore’s Discovery Group, said on Wednesday that it is signing up 600 clients daily and accelerating growth. At an investor conference...
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Top 4 Most Trending Stories – Week in Review
As this week comes to a close we take a look at the stories that resonated most with our readers.Fintech news was popular with our readers this week as Capitec (JO:CPIJ) launched a new...
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Capitec Launches Free Payments Solution
South Africa’s biggest and best digital bank, as rated in the SITEisfaction 2021 report, is changing the way South Africans do small to medium sized cash-based transactions. Capitec...
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Capitec Launches New Free QR-Code Payments in South Africa
Capitec (JO:CPIJ), one of South Africa’s largest digital banks, is expanding its digital offering with the launch of Capitec Pay Me, a new solution enabling its clients to generate a...
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BRIEF-Capitec Bank FY HEPS Down 27%
April 13 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* JSE: CPI - CPIP - AUDITED SUMMARY FINANCIAL STATEMENT AND DIVIDEND DECLARATION FOR THE YEAR ENDED 28 FEBRUARY 2021* CAPITEC BANK...
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S.Africa's Capitec declares FY dividend, reports 27% profit drop
* Profit drop in the middle of forecast range * Dividend higher than a year earlier * Takes $504 million bad debt charge JOHANNESBURG, April 13 (Reuters) - South African lender Capitec...
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South African Markets - Factors to watch on April 13
The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday. ECONOMIC EVENTS South Africa's Treasury auctions...
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BRIEF-Capitec Bank Holdings Sees FY HEPS Between 3,855 Cents And 4,073 Cents/Share
March 8 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* CAPITEC BANK HOLDINGS LTD - SEES FY HEADLINE EARNINGS PER SHARE WILL BE BETWEEN 3 855 CENTS AND 4 073 CENTS PER SHARE
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BRIEF-Capitec Bank Declares Dividend Of 289.26 Cents Per Preference Share
Feb 26 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* CAPITEC BANK HOLDINGS LTD - DECLARATION OF A DIVIDEND OF 289.26 CENTS PER NON-REDEEMABLE, NON-CUMULATIVE, NON-PARTICIPATING PREFERENCE...
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At least two S.African banks likely to pay dividends after c.bank eases guidance - analysts
* Standard Bank, FirstRand likely to declare dividends* Absa, Nedbank might hold off on payouts* Payouts to be below pre-COVID levelsBy Emma RumneyJOHANNESBURG, Feb 23 (Reuters) - At least...
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UPDATE 1-South Africa's rand backtracks as COVID-19 concerns dampen sentiment
(Adds latest prices, analyst quotes)JOHANNESBURG, Dec 11 (Reuters) - South Africa's rand retreated on Friday, with the enthusiasm that lifted the currency to a 10-month high earlier in the...
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South African Markets - Factors to watch on Nov. 4
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday. ECONOMIC EVENTS -...
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South African Markets - Factors to watch on Sept 30
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday. ECONOMIC EVENTS South...
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S.Africa's Capitec interim profit plunges 78%
JOHANNESBURG, Sept 30 (Reuters) - South African lender Capitec CPIJ.J reported a 78% slump in half-year profit on Wednesday, at the bottom of its forecast range, after the coronavirus crisis...
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BRIEF-Capitec Bank Holdings HY HEPS 562 Cents Per Share
Sept 30 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* CAPITEC BANK HOLDINGS LTD - NO INTERIM ORDINARY DIVIDEND WAS DECLARED IN CURRENT YEAR COMPARED TO 755 CENTS PER SHARE IN PRIOR YEAR.*...
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BRIEF-Capitec Bank Says CH Fernandez, V Mahlangu To Join Boards
Sept 28 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* JSE: CPI - CPIP - CHANGES TO THE BOARDS AND BOARD COMMITTEES OF CAPITEC AND CAPITEC BANK* CAPITEC BANK HOLDINGS LTD - BOARDS HEREBY...
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FirstRand Sees ‘Acute’ Pressure on Earnings for the Rest of 2020
(Bloomberg) -- FirstRand (JO:FSRJ) Ltd., Africa’s largest bank by market value, said the economic fallout of the coronavirus pandemic will continue to place “acute pressure” on earnings for...
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BRIEF-Capitec Bank Sees HY HEPS To Be Between 559.90 And 458.10 Cents Per Share
Sept 7 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* CAPITEC BANK HOLDINGS LTD - HY HEADLINE EARNINGS PER SHARE WILL BE BETWEEN 559.90 CENTS AND 458.10 CENTS PER SHARE
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BRIEF-Capitec Bank Says PIC SOC Has Beneficial Interest In Share Capital Of Co Of 11.104%
Sept 4 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* CAPITEC BANK - PIC SOC ACQUIRED AN INTEREST IN CAPITEC SUCH THAT ITS BENEFICIAL INTEREST IN ORDINARY SHARE CAPITAL OF CO IS 11.104%...
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CORRECTED-S.Africa's banks mull how to avoid loan defaults when virus relief ends
(Corrects BASA managing director's name, title in final paragraph)JOHANNESBURG, July 10 (Reuters) - South African banks are looking at options ranging from debt consolidation to new ways of...
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South African Markets - Factors to watch on July 7
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.ECONOMIC EVENTS- South...
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South Africa's Capitec Bank expects 70% plunge in H1 profit due to bad loans
July 3 (Reuters) - Capitec Bank CPIJ.J said on Friday it expected first-half earnings to plunge by 70% due to a spike in bad loans in the wake of the coronavirus pandemic, becoming the first...
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BRIEF-Capitec Bank Says HY HEPS, EPS To Decline By More Than 70%
July 3 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* CREDIT IMPAIRMENT CHARGE IS 145% HIGHER THAN EXPECTATION* CAPITEC INCURRED A LOSS OF R404 MILLION FOR QUARTER ENDED 31 MAY 2020*...
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BRIEF-Capitec Bank Says PSG Financial Services Cuts Beneficial Interest In Share Capital To 29.65%
June 5 (Reuters) - Capitec Bank Holdings Ltd CPIJ.J :* PSG FINANCIAL SERVICES LIMITED HAS REDUCED ITS BENEFICIAL INTEREST IN ORDINARY SHARE CAPITAL OF CAPITEC BY 1.04% TO 29.65%
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UPDATE 1-SA's Capitec Bank flags 20% fall in half-year profit, shares down 6%
(Adds share move, details on outlook)May 29 (Reuters) - South African lender Capitec Bank Holdings CPIJ.J said on Friday it expects half-yearly profit to decline by more than 20% due to the...
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South Africa's Capitec Bank flags 20% fall in half-year profit
May 29 (Reuters) - South African lender Capitec Bank Holdings Ltd CPIJ.J said on Friday it expects half-yearly profit to decline by more than 20% due to the economic impact from the...
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