Latest News & Developments
Discover how Capitec Bank's innovative funeral cover strategy, priced at R102. 95 compared to R360. 00 from competitors, is transforming the insurance landscape in South Africa. Explore the insights from Tim Treagus and learn what this means for consumers and the industry.
South Africa's leading banks are investing in affordable housing, youth employment, and green financing.
In a surprise move, Capitec Bank Holdings has appointed Graham Lee as its new CEO to succeed Gerrie Fourie, who retires in July 2025 after 25 years with the bank. Under Fourie's leadership, Capitec transformed from a challenger bank with 5 million clients to South Africa's leading digital financial services provider serving over 24 million. Lee brings extensive international experience across five countries and expertise in investment banking, financial technology, and microfinance to help chart the bank's future course
The banking sector is not a friend of the people. It has never been. It exists to serve itself, to protect the old order, and to ensure that economic power remains exactly where it has always been.
Will South Africa's Major Banks Be Held Accountable for Allegations of Collusion and Racial Discrimination?
Capitec Bank's fee structure is set to take effect in 2025 with five clear price tiers.
After receiving sanctions and a penalty from the South African Reserve Bank, Capitec Bank said that they have fully cooperated and are committed resolving all matters.