Who will be the next Capitec?
South African consumers have plenty of disruptors to choose from — Bank Zero, Discovery Bank, OM Bank, African Bank and TymeBank — but do any of these have what it takes to challenge the big four?
13 February 2025 - 05:00
It comes as no surprise that many businesses, some with no connection to banking, want to be the next Capitec.
Its story is extraordinary. It started offering retail deposits only in 2008 yet is now the third-largest bank in South Africa by market capitalisation, behind FirstRand, and almost neck and neck with Standard Bank. ..
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