CAPITEC
There’s more than a hint of Leicester City about the position in which Capitec finds itself of late. Fortunately it doesn’t have to deal with a transfer window in which the likes of Arsène Wenger come and dangle a hundred grand a week and all the glamour models you can handle in front of its top performers. But it, too, has had the Cinderella story, and the big question is whether it can continue to churn out the results now that it’s plonked its corporate posterior firmly at the big boys’ table. Its latest numbers show that it has lost none of its appetite for everybody else’s lunch, with a cheeky 648,000 new customers coming to join the party (that is, the bank) in the past six months. Capitec attributes this to its increased branch network in key malls — it has opened a further 31 new branches in the period — as well as the core attraction of consumers lapping up its combo of simplicity and value for money, offering clients the most affordable bank account in SA. Cl...
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