South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Billionaires Africa | 13.02.2026 01:13
More than two decades after founding Capitec Bank, South African banking entrepreneur Michiel Le Roux is seeing his disruptive retail-banking vision reach a defining milestone: the bank’s annual profit is projected to climb as high as $1.07 billion for the 2026 financial year, placing it within touching distance of long-established rival Nedbank.
