Why Capitec’s latest results signal a much bigger threat to SA’s banks
Daily Maverick | 23.04.2026 02:52
Capitec’s annual results come wrapped in familiar bragging rights: headline earnings up 23% to R16.8-billion, return on equity at 31%, and 26 million active clients now inside its orbit. But the more interesting story is not the size of the profit jump. It is the shape of the business producing it.
