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Capitec's share price plunge in perspective - and CEO Gerrie Fourie on Easy Equities, disrupting cell phone market and more

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Interviews with Capitec CEO Gerrie Fourie are usually a treat - and this one is no exception. It kicks off with Fourie's perspective on the stock's R30bn market cap drop after a Trading Update three weeks ago and moves through to Interim Results released today which included details of the latest strategic initiatives. Leading these is a massively disruptive move into the mobile phone market where Capitec this week launched a 50% cheaper alternative to over 8m clients who already buy data and airtime through the bank. Also in the spotlight is the impending relaunch of Mercantile Bank as Capitec Business Bank - spearheaded by a simplified, low cost offering for SMEs. Fourie spoke to Alec Hogg of BizNews.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

29 Sep 2022 9AM English South Africa Investing · Business News

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