News Leader
WATCH: What does the African Bank collapse tell us about Capitec?
05 February 2018 - 08:43
Since its listing in 2002, Capitec has taken the banking sector by storm. It has overtaken Nedbank as the country’s fourth-largest bank and was voted the world’s best bank in the Lafferty Group’s Global Bank-Quality Benchmark for two consecutive years. But its share price has plummeted since the release of a Viceroy Research report last Tuesday that called the bank a loan shark. Some analysts have compared Capitec with African Bank to draw parallels between the two. Denker Capital portfolio manager Kokkie Kooyman spoke to Business Day TV about the Capitec report. OR LISTEN TO THE AUDIO:
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.