Even another Great Recession wouldn’t faze Capitec
17 August 2017 - 14:18
Nothing, outside a financial-market collapse on the scale of the Great Recession, can faze Capitec Bank Holdings. The lender’s stock has gained in all but one of the years since it began trading in February 2002, jumping more than 50,000%, the most among banks across emerging markets during that period. Even as SA battles an economy ravaged by political unrest, the shares have climbed 24% this year, about eight times the rate peers on the FTSE/JSE Africa Banks Index.
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