R155 million farewell for former Capitec CEO
Gerrie Fourie retired as the CEO of Capitec after more than ten years in the position, leaving the role with R155 million in remuneration for the 2026 financial year.
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Gerrie Fourie retired as the CEO of Capitec after more than ten years in the position, leaving the role with R155 million in remuneration for the 2026 financial year.
The group released its latest results on Wednesday, but this episode of The Executive Exchange goes beyond the numbers.
Capitec is going international, but the bank is still in the planning stage of its strategy, with a newly-appointed team looking for opportunities across the globe.
Capitec reports headline earnings growth of 23% to R16.8 billion, celebrates R1 billion in client savings, and enters its next chapter as a diversified financial services group built on the trust of 26 million South Africans Capitec opened its doors 25 years ago with a simple belief: banking should be simple, transparent and affordable. That…
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Nedbank CFO Mike Davis says that South Africa is seeing a push away from cash, which is extremely expensive for banks.
South Africans applying for a smart ID card now have 66 bank branches to choose from, including the first branches in the Free State and North West Provinces.