We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Capitec shareholders overwhelmingly approved a revised broad-based BEE (B-BBEE) transaction for staff that will see the bank issue R1bn in new shares for purchase by qualifying permanent employees from previously disadvantaged backgrounds.

The Stellenbosch-based lender said on Tuesday that shareholders representing 99.9% of the total number of shares held by representatives present at a general meeting held that same day voted in favour of the revised B-BBEE deal. The shareholders who voted in favour of the deal represent more than 82% of the total number of Capitec shares in issue on the date of the general meeting...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now