Why Capitec withholds annual dividend

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A 22% rise in customer growth has given Capitec a boost. As a result, the lender has reported a 19% rise in annual headline earnings. The bank is however an outlier in terms of its growth given that its peers have only managed low single digit growth.

The Sarb has in the meantime called on all banks to shore up its balance sheets. Business Day TV spoke to Gerrie Fourie, CEO of Capitec and Patrice Rassou, CIO & Banking Analyst at Ashburton Investments for an analysis of where the sector is headed due to the covid-19 outbreak.
14 Apr 2020 2AM English South Africa Business · Business News

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