Wild swings in Capitec Bank’s share price last week have investors fretting about whether the unsecured lender is uniquely exposed to a perfect storm — a worsening domestic recession coupled with the Covid-19 pandemic that’s forcing business activity to grind to a halt.

Capitec’s share price lost as much as 28% on March 18 and a further 14.69% the very next day, only to rebound by more than 42% on March 20...

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