Capitec surprises with results : vimarsana.com

Capitec surprises with results


MONEYWEB
app instead?
00:01 
Open:
Acceptance of new technology has effectively made Capitec the biggest digital bank in SA. Image: Supplied
Capitec CEO Gerrie Fourie had good news for shareholders, as well as SA in general, when he took to the floor to announce the bank’s results for the financial year to February on Tuesday.
While headline earnings decreased by 27% to R4.6 billion (2020: R6.3 billion) and return on equity fell from 28% to 17%, his message was that banking activity is picking up and his interaction with branch managers countrywide indicates that there is quite a strong recovery underway.
INSIDERGOLD
Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Related Keywords

South Africa , Soweto , Gauteng , Pretoria , South African , Gerrie Fourie , Capitec Sep , Reuben Beelders , Mercantile Bank , African Reserve Bank , Gryphon Asset Management , South African Reserve Bank , கௌஊட்டெங் , ப்ரிடாரீய , ஜெர்ரி ஃப Ou ரி , வணிக வங்கி , க்ரிஃபோன் சொத்து மேலாண்மை ,

© 2025 Vimarsana