Capitec’s Corona-coaster ride
- South Africa
- Banking, Capitec, Coronavirus, COVID-19, Johannesburg Stock Exchange, JSE, Lending, Volatility
- March 27, 2020
Capitec has had a volatile few weeks even by current market standards. The bank has been the darling of the market for years, growing from obscurity to become South Africa’s largest bank by retail customer numbers. So, what’s going on? Tracking the Corona-coaster. Capitec fell from around R1,440 per share in mid-Feb to R1,110 by the third week of March, …
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