Capitec’s CEO says the bank’s current market share is “excitingly low” and provides room for further growth. Speaking about the company’s strategy, the CEO highlights an ambition to serve 95% of South Africa’s population. Both sources frame this as part of a broader effort to expand the bank’s reach within the country rather than a change in direction. The CEO also points to opportunities in supporting South African entrepreneurs, describing this as a key area for value creation. The outlets present the remarks as an explanation of why Capitec believes it can grow despite already having an established presence in retail banking. Overall, the reporting emphasizes market-share potential, the company’s target of wide customer coverage, and a focus on entrepreneurial support as central themes in Capitec’s growth outlook.
Capitec CEO says low market shares leave room for growth
Capitec’s CEO says the bank’s current market share is “excitingly low” and provides room for further growth. Speaking about the company’s strategy, the CEO highlights an ambition to serve 95% of South...
- Capitec’s CEO says the bank’s market shares are “excitingly low.”
- The CEO says this creates runway for the group’s growth.
- Capitec aspires to serve 95% of South Africa’s population.
- The CEO links growth opportunities to backing/supporting South African entrepreneurs.
The group 'aspires to serve' 95% of the population in South Africa, and the 'very greatest of opportunities lies in backing South Africa's entrepreneurs'.
1 hour agoThe group ‘aspires to serve’ 95% of the population in South Africa, and the ‘very greatest of opportunities lies in backing South Africa’s entrepreneurs’.
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