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South African billionaire Michiel Le Roux, founder of Capitec Bank, is set for a $20.08 million payday after the lender declared an interim dividend on the back of stronger earnings and customer growth.
Capitec, based in Stellenbosch, announced a dividend of R3.04 billion ($176.9 million) for the six months ending Aug. 31, 2025, a 26 percent increase from the prior year. The payout, to be drawn from retained earnings of R47.76 billion ($2.76 billion), will give shareholders R26.2 ($1.53) per share, with distribution scheduled for Oct. 27.
Le Roux, who served as Capitec’s chief executive and later chairman, remains its single largest individual shareholder with 13.19 million shares, or 11.36 percent of the company. His stake means he will receive R345.66 million ($20.08 million), up from the R275.01 million ($15.95 million) he collected from last year’s interim dividend.
Capitec profit rises 20% to $326 million
The higher dividend follows a strong set of half-year results. Capitec, South Africa’s biggest digital bank, posted a profit of R5.6 billion ($326 million), up nearly 20 percent from the prior year. The increase was supported by solid growth in both net interest income and fee-based revenue while expenses were kept in check.
Net interest income rose 15 percent to R10.11 billion ($588.4 million), and non-interest income climbed 14 percent to R11.05 billion ($643.2 million). Transaction and commission income gained 15 percent to R13.77 billion ($802.3 million), with investment income also showing strong advances.
Credit impairments increased 7 percent to R3.95 billion ($229.6 million), reflecting cautious lending in a challenging economic environment. Even so, net interest income after impairments rose 22 percent to R6.16 billion ($358.6 million). The bank closed the period with cash and equivalents of R48.7 billion ($2.84 billion), up 65 percent year-on-year.
Capitec delivers growth, boosts shareholder payout
Founded in 2001 by Le Roux, Jannie Mouton and Riaan Stassen, Capitec has grown from a small retail player into one of South Africa’s largest banks, serving millions of customers with savings, loans, and everyday banking services. Its total assets increased 12.4 percent to R242.4 billion ($14.1 billion), while equity advanced 15 percent to R46.2 billion ($2.7 billion).
For investors the dividend increase underscores Capitec’s ability to generate consistent growth while returning cash to shareholders. For Le Roux it marks another substantial payout from the bank he helped build into a cornerstone of South Africa’s financial sector.
