I discovered at Boland Bank that banking was very archaic.— Michiel le Roux, Capitec Bank
I told our shareholders we’ll either be a big success or a small failure. Not in my wildest dreams could I foresee the success we’ve had.— Michiel le Roux, Capitec Bank
We were very fortunate. I’m not sure we could’ve created a Capitec Bank in other countries.— Michiel le Roux, Capitec Bank
Capitec Bank is the best bank in the world, according to international banking advisory group Lafferty.
It is also the cheapest bank in South Africa, according to the 2015 Solidarity Research Institute (SRI) Bank Charges Report.
If you invested R100 in Capitec Bank shares on 1 July 2011 they would’ve been worth R320 today.
Forbes estimates Michiel le Roux’s net worth at more than R4 billion.
Michiel le Roux obtained BCom Law and LLB degrees from the University of Stellenbosch.
Scroll down for quotes from the video and audio below.
It’s at Boland Bank that I first asked ‘Why do banks close at 3.30pm?’ It was a mystery to me!— Michiel le Roux, Capitec Bank
Most of the people who started Capitec Bank with me came from Distillers and Stellenbosch Farmers' Winery.— Michiel le Roux, Capitec Bank
I studied law, but never practiced. Real law is very boring!— Michiel le Roux, Capitec Bank
I’ve never spoken real business at a party. My wife would object!— Michiel le Roux, Capitec Bank
Every five years there’s a major crisis. You’ve got to plan for it.— Michiel le Roux, Capitec Bank
I originally had a very basic bank in mind.— Michiel le Roux, Capitec Bank
Older banks have legacy systems that are difficult to replace or keep alive.— Michiel le Roux, Capitec Bank
Our customer acquisition is amazing.— Michiel le Roux, Capitec Bank
I believe in the bank, so I’m a shareholder.— Michiel le Roux, Capitec Bank
We’ll keep it simple. In 10 years it’ll still be recognisable as the bank you see today.— Michiel le Roux, Capitec Bank
Recommendedby NEWSROOM AI
7 most read, most talked about business articles of the past week.
Ray White interviews Clark Gardner, the consumer champion who last year exposed Lewis Group’s unlawful credit practices.
FNB rules the roost, but only just. The future looks bright for Capitec Bank, which tops Absa, Standard Bank and Nedbank.
It’s South Africa's cheapest bank and offers great interest rates. It also has the best service of all, according to customers.
About 100 000 clients join each month and, as a result, earnings are booming. We interview CEO Gerrie Fourie…
Commissioner at Competition Commission, Tembinkosi Bonakele says the allegations leveled against them are utter rubbish.
The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.
What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.
The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.
The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.