David Shapiro assesses Capitec’s “perfect” £300m UK banking prospect

The fall from grace of Metro Bank, the first UK high street banking group in over 150 years, opens a big potential opportunity for Capitec, South Africa's R150bn banking upstart.
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The fall from grace of Metro Bank, the first UK high street banking group in over 150 years, opens a big potential opportunity for Capitec, South Africa's R150bn banking upstart. The Capitec executives have made no secret of their admiration for the operational excellent and management of their UK lookalike. As a result, they stayed away from even considering entering that offshore market. But with Metro Bank's share price having collapsed from £40 to under £2, rumours of a takeover has been surfacing. SA's favourite market commentator David Shapiro offers his perspectives on whether Metro Bank would be a suitable target for the Stellenbosch team. – Alec Hogg

A warm welcome to David Shapiro who's going to be talking to us next time from New York. David you are still in South Africa at the moment but going tomorrow on one of your regular journeys to find out what's happening in Trump land. I see Nancy Pelosi is starting proceedings to have Trump impeached. It's going to be an exciting time when you're in New York.

___STEADY_PAYWALL___

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