South African billionaire Michiel le Roux's Capitec lifts profit 19% to R9.5 billion
Capitec's headline earnings rose 19% to R9.5 billion in the six months to August, with active clients up 7% to 26.6 million.
Capitec
South African billionaire Jannie Mouton admits the Capitec mistake that cost PSG $1.4 billion
Jannie Mouton has admitted that unbundling PSG's 58% Capitec stake in 2003 was one of the costliest mistakes in South African investment history, a decision that cost the company $1.4 billion in future returns before a fortunate re-entry partially rescued the position.