South Africa’s Capitec profit jumps 20%, meets expectations

South African lender Capitec Bank on Thursday reported profit for the first half of the year grew 20%, in line…

South African lender Capitec Bank on Thursday reported profit for the first half of the year grew 20%, in line with expectations, thanks to strong customer growth and a smaller impairment charge. The performance outshone more muted growth at many rivals, who have struggled after the economy suffered its worst contraction in a decade and the unemployment rate hit an 11-year high after years of already stagnant growth.

Follow the live information on our channel