Capitec: The way to build a bank

If you had invested R1 000 in the ALSI on the day Capitec listed and reinvested all your dividends since, your investment would be worth R11 457 today – a very respectable return that exceeded inflation by more than R8 000. A similar investment of R1 000 in Naspers would have grown to an impressive R287 378. However, as shown in Table 1, R1 000 investment in Capitec would be worth a staggering R2.

Lessons from Capitec’s success There are important lessons to be learnt from analysing the key drivers of Capitec’s spectacular growth. Find a gap in the market Capitec’s founders intentionally targeted the banking industry due to its high barriers to entry and large market size. Banking has onerous regulatory, technological and capital requirements, which reduce the likelihood of new competitors entering the market and competing away profitability.

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Clouds gather over RamaphosaA cloud is hanging over South African President Cyril Ramaphosa’s political future. It's called a shite storm
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South African spends almost R400k on two Black Friday online purchasesWhile many South Africans were fast asleep early on Black Friday, one big spender was wide awake and dropped a whopping R397,217 on two online transactions. Is there no privacy?
Source: TimesLIVE - 🏆 28. / 59 Read more »

SA's Racial Tension | Woman arrested following complaintsSA's Racial Tension | Woman arrested following complaints SouthAfricanMorning DStv403 eNCA Racists never repented, they just laid low in fear of Zuma. Which is why they hate him till this day. This is how they speak in their own circles. Let's not fool ourselves, when they make it blatantly clear how much they dislike us. Wake up, black man Racism and racists are here to stay 🤷🏾‍♂️ But Julius walks around free to spew the same racist rhetoric, once again proving that only white people will ever be considered racist, what a farce.
Source: eNCA - 🏆 49. / 51 Read more »

South African parties protest against the release of Janusz Walus on paroleThe Constitutional Court in Johannesburg on Monday ordered the release on parole of Janusz Walus who has served nearly three decades of a life sentence for the murder. Why don't they protest against the laws that released him? We also live amongst rapists, murderers and thieves. Play the ball and not the man. JugdeZondo Ramaphosa and all those former heads of state know who killed ChrisHani. That's the reason why he went to United kingdom to Finalize the release. 👏👏👏 weknownow. Protesting the Law.... only the Anc will do this.
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