In the Boardroom with Capitec: Doing things simply and saving clients money

Kieno Kammies speaks to Capitec CEO Gerrie Fourie in this week's Cape Talk In The Boardroom, at the company's Stellenbosch headquarters.

How did it all begin?

Fourie says they identified a gap in the banking market.

They believed in the banking sector, people are irritated, and don't understand banking,

Gerrie Fourie, CEO Capitec

A lot of people think we looked at the competitors, and then started doing the opposite, and trying to outwit them... But we tried to look at what the client needed, what does the client want...and developed a business plan from there.

Gerrie Fourie, CEO Capitec

And the main thing clients want is very good service, he says. Then they want to understand what is happening in their financial world.

Their aim? To create a completely low cost banking environment.

Fourie says Capitec's philosophy to keep things low cost, transparent, and simple runs throughout the company, from modest furnishings at head office, to all executives travelling budget.

Listen to the full conversation below:

Watch the video of CapeTalk's visit to Capitec's head office...


Read More
Adulting 101: How and when to start your first investment

Adulting 101: How and when to start your first investment

CEO of Sygnia, Magda Wierzycka gives advice on how to start investing to ensure you retire peacefully without financial worries.

Businesses raise almost R7 million to save water in 228 schools

Businesses raise almost R7 million to save water in 228 schools

A week into the water challenge campaign, Prof Thinus Booysen calls for more pledges, with 42 schools to go to reach the target.

Friday deadline for taxpayers to submit tax returns

Friday deadline for taxpayers to submit tax returns

CapeTalk's Kieno Kammies speaks to Sars Group Executive about how this tax season has fared and the looming deadline.

City urges construction companies to use treated effluent water

City urges construction companies to use treated effluent water

Councilor Xanthea Limberg says using more affordable treated water for non-structural construction will save both money and water.

This is the end for Robert Mugabe - David Coltart

This is the end for Robert Mugabe - David Coltart

Zanu-PF sacked him as its president but he confused the world on Sunday night with his 'non-resignation' speech.

SAA could learn a thing or two from award-winning Ethiopian Airlines - expert

SAA could learn a thing or two from award-winning Ethiopian Airlines - expert

Aviation expert Guy Leitch says government non-interference policy has been essential to the success of the Ethiopian airline.

Popular articles
Financially prepare yourself before the wedding bells

Financially prepare yourself before the wedding bells

Liberty Legal Marketing Specialist, Faeeza Khan talk us through a few financial pointers before getting hitched.

Oscar's family unhappy with producers as movie makes SA debut this weekend

Oscar's family unhappy with producers as movie makes SA debut this weekend

The movie stars Joburg-born actor Andreas Damm as Pistorius and Victoria Secret model Toni Garrn as Reeva Steenkamp.

Statement to remove LLB programme from SA universities is misleading: Max Price

Statement to remove LLB programme from SA universities is misleading: Max Price

Max Price says Council on Higher Education's announcement that UKZN, UCT and UL could lose their LLB accreditation is not right.

Is taking items from the hotel room stealing?

Is taking items from the hotel room stealing?

Tsogo Sun Cape regional manager explains which items are free to be taken home by guests and why.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.