Tag: Capitec

Capitec
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Inside Capitec: How South Africa’s $32 billion lender builds leaders from within

Capitec Bank builds leadership from within, grooming executives Gerrie Fourie and Graham Lee through internal development and succession planning.

Feyisayo Ajayi Feyisayo Ajayi
Capitec-Bank
BusinessCompaniesHot NewsMarkets

Capitec overtakes Naspers, Gold Fields to become Africa’s most valuable company

Capitec overtakes Naspers and Gold Fields to become Africa’s most valuable listed company, with a market capitalization of $31.65 billion.

Omokolade Ajayi Omokolade Ajayi
Capitec-Bank
BusinessBankingHot NewsLatest

Capitec loses $4.1 billion in market value 58 days after overtaking FirstRand

Capitec has lost $4.1 billion in market value since overtaking FirstRand, despite strong earnings growth and expanding digital banking operations.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank's App
BankingBusiness

Capitec secures approval for $12.2 million Rental Finance sale to Sasfin

Capitec Rental Finance sale to Sasfin wins approval as Capitec advances its strategy to exit the noncore business for R201 million ($12.2 million).

Timilehin Adejumobi Timilehin Adejumobi
Capitec Bank's App
BusinessHot News

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control failures.

Feyisayo Ajayi Feyisayo Ajayi
Capitec
BusinessTechnology

Capitec expands Smart ID services to 242 branches across South Africa 

Capitec now offers Smart ID services at 242 branches across South Africa as Home Affairs expands its bank-based digital rollout.

Oluwatosin Alao Oluwatosin Alao
Capitec
BusinessHot News

Capitec wins approval for secondary listing on A2X markets after name change

Capitec secondary listing on A2X gives investors another trading venue as the bank expands beyond traditional financial services.

Timilehin Adejumobi Timilehin Adejumobi
Capitec-Bank
BusinessHot News

South Africa Regulator recommends approval of Capitec’s $24.5 million Walletdoc deal      

Capitec’s $24.5 million Walletdoc deal advances after regulators impose conditions to protect competition in digital payments.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Capitec advances name change as Ex-CEO Gerrie Fourie resumes board

Capitec to rename holding company as Gerrie Fourie returns to board, strengthening governance and continuity after record profits.

Feyisayo Ajayi Feyisayo Ajayi
ExecutivesHot News

Capitec’s former CEO Gerrie Fourie pockets $9.4 million in 2026 pay package 

Capitec former CEO Gerrie Fourie pay package 2026 totals $9.4 million after strong earnings, governance transition and board return.

Timilehin Adejumobi Timilehin Adejumobi
Jannie Mouton, Zeder
BusinessHot News

South African billionaire Jannie Mouton’s Capitec stake exceeds $2 billion

Mouton family’s Capitec stake tops $2 billion as share rally boosts value and investor confidence on Johannesburg Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank HQ
BusinessHot News

Capitec rolls out Smart ID services at new South Africa branches  

Capitec launches Smart ID services at new South African branches.

Timilehin Adejumobi Timilehin Adejumobi