Has Capitec run out of steam?

Capitec’s plan to increase its business banking clients comes three years after it pounced on Mercantile Bank. And, says CEO Gerrie Fourie, the business banking unit has been adding 1,500 clients a month as recently as March for a total of more than 125,000 accounts at year-end in February.

That implies a 10% increase on the previous fiscal year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: News Formal (newsformal.com)

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