South African billionaire Michiel Le Roux's Capitec posts $1 billion profit as client base crosses 26 million for first time
Billionaires Africa | 26.04.2026 00:26
Michiel Le Roux's Capitec Bank has crossed the billion-dollar profit line. The South African retail lender posted headline earnings of R16.8 billion, equivalent to $1.02 billion, for the financial year ended February 28, 2026. That is a 23% jump from R13.7 billion a year earlier, and it lands almost exactly where BA projected it would land when Capitec issued its earnings guidance in February.
