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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.
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[WATCH] Capitec CEO says Viceroy report one sided & factually incorrect
Capitec's executives have briefed the media in response to a Viceroy report claiming the bank is operating like a loan shark which is quick to lend money.
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#RandReport: South African stocks post biggest daily fall in 14 months
Market-heavyweight Naspers continued its slide after Morgan Stanley cut its target price to R4,900 from R5,400 on Monday.
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[WATCH] Capitec CEO: Your money is safe with us
Despite a report published by US-based Viceroy, Capitec CEO Gerrie Fourie says people should be confident that their money is safe.
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[WATCH] Will Capitec really go bust?
EWN's Ray White gives us the wrap on accusations made by Viceroy and whether or not Capitec really is a loan shark skilled in predatory finance.
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Economists: Capitec customers have nothing to worry about
Despite a report published by US-based manager Viceroy, experts say people should be confident that their money is safe.
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[WATCH] Capitec labels Viceroy report 'nonsense'
On Tuesday, US-based fund manager Viceroy questioned Capitec's ability to survive, saying its business model is not sound.
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[LISTEN] Should Capitec customers be worried about Viceroy's report?
Viceroy is not without their own axe to grind in this case, says Vestact MD Paul Theron.
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Viceroy says Capitec will unravel, Sarb says it's solvent
Viceroy has likened Capitec to a loan shark and questioned its ability to survive, while the Reserve Bank says the bank is is solvent, well capitalised and has adequate liquidity.
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Capitec falls 25% after report by Viceroy Research
Viceroy said Capitec overstates its loan book by as much R3 billion a year by issuing new loans to defaulting clients.
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Reserve Bank says Capitec is solvent, has adequate liquidity
This comes after a report released by Viceroy which likened the bank to a loan shark.
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Viceroy labels Capitec a loan shark, wants bank placed under curatorship
Viceroy says it has found that Capitec has been advising and approving loans to delinquent customers in order to repay existing loans.
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Capitec posts 17% rise in H1 profit
Client numbers increased to 9.2 million, which represents growth of 106,000 per month over the past 12 months, the company said.
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Capitec in hot water for alleged abuse of short-term credit facilities
National Credit Regulator Secretary Lesiba Mashapa says an investigation found Capitec enters into an agreement with a consumer and cancels that agreement, then the consumer will be entitled to loans that are revolving.
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#RandReport: Rand weakens on growth worries, Capitec leads stocks down
The rand hit a session trough of 14.9450, its softest since 11 April according to Thomson Reuters data.
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Capitec Bank boasts good results
Chief Executive Officer of Capitec Bank, Gerrie Fourie, says about 100,000 clients join each month and, as a result, earnings are booming.
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Capitec CEO: Moody's rating inaccurate
Moody's cut the financial strength rating of the lender to D from D+ on Friday.
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Mitchells Plain ATM robbed
A group of robbers posing as policemen targeted a Capitec ATM on Thursday.
