Capitec Bank transforms into fintech powerhouse, expands with Capitec Connect’s mobile success
Capitec Bank, once a "bank for the unbanked," has evolved into a leading fintech firm, driven by the explosive growth of Capitec Connect, South Africa's fastest-growing mobile operator, and a 36.8-percent surge in half-year profits.
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South African exec Gerrie Fourie earns $3.3-million salary at Capitec in 2023
Fourie has effectively held the reins as group CEO and executive director of Capitec Bank Group since his appointment in March 2014.
South African businessman Piet Mouton gains over $75 million in 29 days from stake in Capitec Bank
The gain in Mouton’s stake can be linked to double-digit growth in the share price of the South African lender.
South African billionaire Michiel Le Roux loses $173.59 million as Capitec Bank shares fall
Capitec is South Africa’s largest lender by number of customers and a leading global brand.
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Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.
Investec raises dividend despite slight profit drop, targets global growth
Despite a marginal profit decline, Investec Group reinforces its commitment to shareholders and international expansion, signaling confidence in its strategic vision.
Investec reports strong lending surge as post-election optimism lifts economic prospects
Renewed confidence in South Africa's governance and economy drives growth for Investec Group, with improved lending activity and expanded opportunities at home and abroad.
Hassan Allam and partners secure 1,200-megawatt solar deal to advance Egypt’s renewable energy sector
Landmark agreement highlights regional leadership in clean energy transition.