Capitec
Capitec warns customers of new scam
The fraudsters would allege there was an attempt to commit fraud on their account or that a stop order was loaded without their consent.
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Capitec, Nedbank working to reimburse clients affected by unauthorised payments
Both banks have promised that the problem would be resolved in 24 hours with the funds returned to the affected parties.
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Nedbank confirms technical error affecting Capitec clients
Nedbank said the cause of the double billing stemmed from a transactional file from Monday which was mistakenly processed on Friday. Capitec said it was working to resolve the matter within 24 hrs.
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Tech glitch sees thousands of Capitec clients wake up to unauthorised deductions
Capitec spokesperson Charl Nel said that they were in the process of reversing the double withdrawal and cardholders would be reimbursed within 24 hours.
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Bank on that! Capitec ranked SA's best bank again
Forbes' World’s Best Bank Survey rated banks in two dozen countries on overall recommendation and satisfaction while trust, terms and conditions, customer service, digital services, and financial advice were surveyed.
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Capitec skips dividend, full-year profits rise 19%
The South African Reserve Bank asked lenders to skip dividends for 2020 earlier in April to preserve capital for lending.
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In townships, 'unseen' businesses catch a big bank's eye
FNB has set its sights on the townships as it prepares to defend its No. 1 position from rival Capitec and new digital lenders such as TymeBank and Bank Zero which have shaken up the retail market.
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South Africa's complaints about banks laid bare
The Ombudsman for Banking Services has released its Annual Report on operations for 2018.
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Capitec Bank H1 profit surges on upbeat client growth
Headline earnings per share (EPS) came in at 2,128 cents in six months ended August, compared with 1,769 cents a year earlier.
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CT police probing armed standoff at Belville bank
An armed man threatened to take his life at a bank in the Bellville CBD, in Cape Town, on Wednesday.
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Capitec, Nedbank and PIC on shortlist to buy Mercantile Bank
A total of 18 non-binding offers were received for Mercantile, which specialises in serving entrepreneurs, and the short-listed firms would conduct due diligence on the bank soon, the lender said.
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Sarb expresses confidence in Capitec amid Viceroy allegations
Deputy Governor Kuben Naidoo, who is the registrar of banks, says allegations against the bank raised by US-based researchers, Viceroy, are not accurate.
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Capitec Bank now the largest bank in SA, survey finds
According to the Publisher Audience Measure Survey, Capitec is the largest bank in South Africa in terms of the number of clients who use it as their main bank.
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Capitec FY profit rises 18 pct
The bank said its diluted headline earnings per share came in at 3,846 cents in the year ended February compared with 3,270 cents a year earlier.
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Capitec denies overstating or misrepresenting loan book
The lender had previously said it would investigate the report by Viceroy which triggered a more than 20% slide in its shares last week.
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EFF calls for inquiry into Capitec, says it can't trust bank's info
Earlier this week, research group Viceroy claimed it found that Capitec had been advising and approving loans to delinquent customers in order to repay existing loans.
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EFF asks Parliament to investigate Capitec after Viceroy report
On Tuesday, Viceroy accused the bank of being a ‘loan shark with massively understated defaults, masquerading as a community finance provider.
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Capitec: Credit rating not affected by Viceroy report
In a statement quoting the rating's firm's bulletin on Thursday morning, Capitec says that "to date, the bank has experienced only mild funding outflows and its liquidity remains sound".
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Capitec shareholder calls for probe into Viceroy report
Capitec CEO Gerrie Fourie says Viceroy has presented an incorrect report.
