Despite being a convert, SA’s best performing share got away from me
There was a double award for Fourie’s team as Capitec was also named the JSE’s best performing stock for the past five years.
There was a double award for Fourie’s team as Capitec was also named the JSE’s best performing stock for the past five years.
Interim results from  Capitec dominated today’s CNBC Africa Power Lunch conversation with Vestact’s Sasha Naryshkine. Although he doesn’t bank there, Sasha is a member of the Capitec fan club and despite the 122-fold increase in its share price since listing, he reckons further upside is possible. The best time recently to have bought a slice … Read more
Share sales by Capitec directors, including founding CEO Riaan Stassen, gave long-time bears some much needed ammunition.  The Sunday Times newspaper added fuel through publishing an emotive article headlined “Capitec bosses ditch R175m shares as sector cracks” quoting an unnamed analyst (a dangerous practice for any journalist) as saying it showed the top brass no longer believe … Read more
I should have been with my pals at CNBC Africa last Friday. But by the time the sleep was wiped out of the eyes, I was on an aeroplane to Cape Town for a pre-arranged visit with Capitec’s CEO and founder Riaan Stassen. It all worked out for the best in the end. CNBC produced … Read more
We’ve been paying a lot of attention to Capitec. It’s a phenomenal story of a micro-lender that has gone mainstream, ploughing in the high profits from its unsecured lending into creating a transaction fee base now approaching R1bn a year. But as serious problems have emerged for its core business, questions have been raised around … Read more
Capitec has been the JSE’s go-go stock of the past few years. Feeding off a structure which hugely inflated returns on its core business of high priced unsecured loans, the micro-lender has mushroomed into a sizeable banking operation. But the Marikana tragedy last August brought long overdue focus onto practices in unsecured lending. And with … Read more