Ratings agency S&P Global Ratings has joined the South African Reserve Bank and the Treasury in backing Capitec against a damning report released by Viceroy Research. The report led to a sell-off in the bank’s shares. S&P says the report has not affected its rating of Capitec Bank. Matthew Pirnie, director of financial services ratings at S&P, spoke to Business Day TV to give more clarity around the agency’s ratings decision. OR LISTEN TO THE FULL SHOW:

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