SMEs are now in Capitec’s sights as the bank solidifies its retail customer base.

Capitec’s plan to increase its business banking clients comes three years after it pounced on Mercantile Bank. And, says CEO Gerrie Fourie, the business banking unit has been adding 1,500 clients a month as recently as March for a total of more than 125,000 accounts at year-end in February. That implies a 10% increase on the previous fiscal year...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.