Capitec Bank co-founder and CFO André du Plessis will retire in June after 22 years with the banking group that has been widely credited for revolutionising the retail banking space in SA.
Founded in 2001 by investment holding company PSG and listed on the JSE in 2002, Capitec has successfully entrenched itself in the banking space, which Standard Bank, Absa, FirstRand’s FNB and Nedbank dominated for years. “As part of the strategy to preserve Capitec’s unique culture, significant effort is made to develop our own people with specific focus on talented individuals with potential to lead the company in the future,” Capitec said in a statement
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