Capitec falls most in two-and-a-half years as dividend disappoints
Share price of SA’s biggest retail bank by customer numbers falls after CEO strikes cautious tone
29 September 2022 - 08:10
UPDATED 30 September 2022 - 12:47
Capitec’s share price tumbled the most in two-and-a-half years after the market took a dim view of its interim dividend and the CEO flagged concern about global and domestic economic uncertainty.
SA’s biggest retail lender by customer numbers said on Thursday that headline earnings, a profit measure that strips out one-off items, rose 17% from the previous half-year to R4.67bn in the six months to end-August 2022...
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