Capitec reports surge in customers, hikes dividend on strong growth.

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Capitec Bank has published its financial results for the half-year period ended August 2022, showing a 17% growth in group headline earnings to R4.7 billion from R4 billion for the comparative period.
Active clients are up 13% to 19 million.
“Over the past five financial years, our compound annual growth rate was 17% despite the impact of the Covid-19 pandemic, the civil unrest and the KwaZulu-Natal floods. This demonstrates the underlying resilience of our business and the quality of our earnings,” said Gerrie Fourie, chief executive officer (CEO).

29 Sep 2022 5AM English South Africa Business News · Investing

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