Capitec Bank’s chief executive, Gerrie Fourie, is upbeat about the bank’s future even though its annualised basis headline earnings were down by 27% to R4.6-billion, from last year’s R6.3-billion.
With these gains, the bank could also pay dividends of 1 600 cents an ordinary share, well up from last year’s 755 cents a share.this week on his media tour, Fourie said the focus had not been on the pandemic but innovation and sustainability — and that it was evident in the numbers. “South Africa is very cash dependent, and we need to get them to use electronic payments and use the digital app. That is why we’ve spent quite a lot of planning on enhancing our digital application and offerings.
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