Capitec earnings up 15%

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Capitec earnings up 15%
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[LISTEN] Gerrie Fourie, CEO of CapitecBankSA, talks about the bank's FY profits jump 15% on SAfmRadio MarketUpdate with jmoyaha_ standing in for FifiPeters. Moneyweb CapitecProfits

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Capitec’s impairments almost double even as earnings rise 15%Group’s total net credit impairment charges on gross loans and advances surge by 80% This is definitely driven by IFRS 9 and the methodology approach in the application application of the standard. Without even looking their financial statements, you can just pick up that the huge driver of deferred tax asset is definitely going to be impairment instruments
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