Sasha Naryshkine on the rise and rise of the JSE’s 100-bagger Capitec

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

Why Capitec directors sold shares – bad news for bears

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

Capitec’s results unpacked: drop the hype, check the numbers – and be afraid

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