South African billionaire Michiel Le Roux’s Capitec Bank reports $369.4-million half-year profit
This rise from R4.69 billion ($270.22 million) in the same period last year highlights Capitec Bank’s resilience in a tough global economy.
This rise from R4.69 billion ($270.22 million) in the same period last year highlights Capitec Bank’s resilience in a tough global economy.
Du Plessis’ stake in Capitec Bank now above $160 million, thanks to $10.49-million gain in 18 days.
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
This follows a $112.3 million loss between May 20 and June 3.
This follows a $24.84 million loss between May 10 and 28, when his stake declined from R19.3 billion ($1.05 billion) to R18.84 billion ($1.03 billion).
This ambitious move follows its acquisition of Avafin, a Cyprus-based online lender with operations across Europe and Latin America.