Kokkie Kooyman banking stock pick for 2022: Capitec

Banking analyst Kokkie Kooyman talks about his chosen stock pick in the financial services sector for 2022, naming Capitec. Capitec has been one of the best South Africa business stories since the start of the millennium and is now the country’s third-largest bank by market capitalisation. Under the stewardship of Gerrie Fourie, Capitec has continued to gain market share, becoming the low-cost banker to millions of South Africans. Despite analysts’ concerns surrounding its valuation, Kooyman says this is vindicated owing to its strong growth and innovation that keeps it ahead of its competitors.