Capitec’s share price slumped the most in more than two years after the bank issued a trading statement, which commentators said was below consensus expectations.
Shares of SA’s biggest retail bank by customer numbers fell as much as 9.4% to R1,900.04, the steepest drop since July 2020 and the lowest intraday price since February 25 2022. The share later pared losses to trade 6.9% lower at R1,952.50 at 1.30pm...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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