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Capitec has launched Smart ID services at seven branches, letting clients apply in under five minutes with no booking required and no Home Affairs official needed.
Jannie Mouton’s Curro deal swaps investors into Capitec and PSG shares, triggering fresh questions about tax dates, valuations and record keeping.
Capitec Bank, once a "bank for the unbanked," has evolved into a leading fintech firm, driven by the explosive growth of Capitec Connect, South Africa's fastest-growing mobile operator, and a 36.8-percent surge in half-year profits.
Fourie has effectively held the reins as group CEO and executive director of Capitec Bank Group since his appointment in March 2014.
The gain in Mouton’s stake can be linked to double-digit growth in the share price of the South African lender.
Capitec is South Africa’s largest lender by number of customers and a leading global brand.