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
Yaya Jameh steals $50 million dollars before leaving office

Yaya Jameh steals $50 million dollars before leaving office

Justice Minister, Abubacarr Tambadou, revealed that Yaya Jameh stole $50 million dollars before going into exile.

R24m investment to improve STEM subjects in 10 disadvantaged schools

R24m investment to improve STEM subjects in 10 disadvantaged schools

Metropole North and East Education Districts in the WC are the two districts in which the R24 million project will be implemented.

Watch out: dognapping could be in season

Watch out: dognapping could be in season

CapeTalk's John Maytham speaks to a listener whose pitbull has been missing and is suspected of being nabbed for dog fighting.

Metrorail to launch an investigation into Lakeside train crash

Metrorail to launch an investigation into Lakeside train crash

The signaling system at that level crossing is not functional due to cable theft, says Metrorail spokesperson.

Lynne Brown needs to come clean - IFP MP

Lynne Brown needs to come clean - IFP MP

Brown came under fire on Tuesday as she faced a barrage of questions from MP's regarding the re-appointment Brian Molefe at Eskom.

Rand reacts positively to news of Zuma's possible removal

Rand reacts positively to news of Zuma's possible removal

The rand strengthened against the US. dollar to 13.0218 following the reports that the ANC NEC could remove President Jacob Zuma.

Popular articles
Capitec Bank comes out tops

Capitec Bank comes out tops

A new survey shows the not-so-small-anymore bank has the best digital banking offering in South Africa.

Gordhan catching Minister Brown in the lies behind Molefe's return - analyst

Gordhan catching Minister Brown in the lies behind Molefe's return - analyst

ANC MP Pravin Gordhan grilled Minister Lynne Brown over Brian Molefe's re-appointment at Eskom saying several things don't add up.

Parents frantic search for children after 19 killed in alleged suicide attack

Parents frantic search for children after 19 killed in alleged suicide attack

19 people have been killed and 52 injured in blast at Ariana Grande concert in Manchester Arena on Monday night.

3 best shares to buy right now (by Falcon Crest Asset Managers)

3 best shares to buy right now (by Falcon Crest Asset Managers)

Looking for stock picks? Bruce Whitfield interviews Falcon Crest Asset Managers Chief Investment Officer Farai Mapfinya.

Steam rooms and saunas will be closed from Wednesday at Virgin Actives in CT

Steam rooms and saunas will be closed from Wednesday at Virgin Actives in CT

The gym will be imposing strict measures to save and use water wisely across the city.