Capitec reports surge in customers, hikes dividend on strong growth.

Capitec Bank has published its financial results for the half-year period ended August 2022, showing a 17% growth in group headline earnings to R4.7 billion from R4 billion for the comparative period.
Active clients are up 13% to 19 million.
“Over the past five financial years, our compound annual growth rate was 17% despite the impact of the Covid-19 pandemic, the civil unrest and the KwaZulu-Natal floods. This demonstrates the underlying resilience of our business and the quality of our earnings,” said Gerrie Fourie, chief executive officer (CEO).