Investors in SA’s most expensively priced bank may be set for a long period of minimal returns as bad debts leap 80% grim view of Capitec’s full-year results — its shares slid over 6% last week — yet a majority of analysts surveyed by Bloomberg aren’t recommending that shareholders dump their stock. The bank, still South Africa’s most expensive, is rated a “hold”.
grim view of Capitec’s full-year results — its shares slid over 6% last week — yet a majority of analysts surveyed by Bloomberg aren’t recommending that shareholders dump their stock. The bank, still South Africa’s most expensive, is rated a “hold”.
Gerrie Fourie: There are lots of opportunities among SMEs with a turnover of up to R30m. Picture: Freddy Mavunda a 21% increase in its loan book to R12.1bn means the unit is ahead of competitor Sasfin’s R9.4bn.
“There are lots of opportunities among SMEs with a turnover of up to R30m,” Capitec CEO Gerrie Fourie tells the FM. Was the board too optimistic about the economic outlook when financial statements were compiled last year? headtopics.com
Was the board too optimistic about the economic outlook when financial statements were compiled last year? It argues the comparison is skewed by the fact that, facing Covid, it raised R2.48bn in provisions. This pushed net credit impairments up to R7.
Credit – Taken from – https://headtopics.com/za/capitec-faces-down-a-long-dry-season-38469227
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