Tag: Capitec

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 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 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

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

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

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

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 rolls out Smart ID services at new South Africa branches  

Capitec launches Smart ID services at new South African branches.

Timilehin Adejumobi Timilehin Adejumobi