Capitec’s share price is trading near an all-time high of R1,521, giving the bank a market capitalisation of R175bn. That makes it the third-biggest banking group in SA, behind second-placed Standard Bank with a market value of R189.83bn and FirstRand at R284.06bn.       

As a cynical newshound, one has to question whether a bank whose loan book is almost entirely unsecured and whose customer base is mostly lower- to middle-income is worth 62% of FirstRand, a truly blue-chip, diversified financial services group with underlying assets that include FNB, Rand Merchant Bank, WesBank, Ashburton Investments and others...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now