Good news for people who bank with Capitec
At a time when many prominent banks are shutting branches and ATMs in South Africa, Capitec is doing the opposite.
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At a time when many prominent banks are shutting branches and ATMs in South Africa, Capitec is doing the opposite.
Not everyone wants to trade shares or take big risks with their hard-earned money — and they shouldn’t have to.
OM Bank is adding a new payments feature that has become increasingly popular in South Africa in recent years.
Capitec co-founder and South African billionaire Michiel le Roux says he could never have foreseen the success the bank has had.
Only one bank is expanding its ATM network in South Africa, and only two are growing their branch footprints.
The share price performances of South Africa’s largest banks have varied drastically over the last year, with Capitec clearly on top.
All of South Africa’s traditional banks have decreased their ATM footprint over the past five years — with one exception.
Motorists in two South African provinces pay more to renew their licence discs than those in any of the country’s seven other provinces.
Gold and platinum miners have been favoured, and lending growth has been poor – we need to see consumers spending and corporates borrowing, but there hasn’t been the right level of job creation yet: Kokkie Kooyman of Denker Capital.
The latest media sentiment report released by Press Pulse shows that Capitec and Standard Bank top the rankings, followed by FNB, Absa, and Nedbank.