Capitec sets sights on SMEs
As SA’s biggest bank by customers eyeballs the underserved banking market, its biggest challenge will be that it's still a cash economy
27 April 2025 - 10:20
Capitec, South Africa's biggest bank (by customers), says it’s ready to grow its small and medium enterprise (SME) banking market, where cash is king.
CEO Gerrie Fourie said this week — after the release of the group’s financial results for the year ended February 2025 — that the underserved township SME market was a big focus as it is largely unbanked, something Capitec wants to change. ..
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