• South Africa
• Capitec, Credit loss ratio, Impairment, Interim earnings, Lockdown, Quarterly earnings
• July 5, 2020

Back in March, Capitec suffered a price drop so severe that management released a SENS announcement to try and stop the bleeding. They highlighted that earnings growth still looked reasonable and that only 9% of Capitec’s customers have credit from the bank, so it isn’t the high-risk lender that the market sees it as. They also noted that the bank’s …