Capitec announces its investment in international market

Capitec Bank announced its investment in Cream Finance Holding, a European online consumer loans company.

The South African based bank has purchased a 40% stake in digital finance company, Creamfinance, for €21 million.

Gerrie Fourie, Capitec CEO says they see this as an opportunity to learn how international markets operate.

He says the Creamfinace is where Capitec was in 2001 and they believe they will be able to help this small company grow their business.

We always said that Capitec had big aspirations to go outside...

Gerrie Fourie, Capitec CEO

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Capitec Banks adds 1.3 million clients (and 1629 jobs)

Capitec Banks adds 1.3 million clients (and 1629 jobs)

The bank also reported 18% growth in earnings. The Money Show’s Bruce Whitfield interviews Capitec Bank CEO Gerrie Fourie.

10 most-read “money” articles of the week

10 most-read “money” articles of the week

Whitey’s R100m pay… JZ is corrupt, says Pityana… Death of the degree… Money is like a penis, says Muzi Kuzwayo... stock picks...

RIP BlackBerry… SA girl wins R700 000 Google prize… SABC’s fugitive advisor…

RIP BlackBerry… SA girl wins R700 000 Google prize… SABC’s fugitive advisor…

10 most-read, most-talked-about business articles of the past week.

Capitec Bank added 648 000 clients in past 6 months (boosting earnings by 19%)

Capitec Bank added 648 000 clients in past 6 months (boosting earnings by 19%)

Close to a quarter of South Africa’s banked population now uses Capitec Bank as their primary bank, according to an AMPS survey.

The battles Summit Financial Partners (the ones that exposed Lewis) are fighting

The battles Summit Financial Partners (the ones that exposed Lewis) are fighting

Bruce Whitfield interviews Summit Financial Partners CEO Clark Gardner, the man who exposed Lewis' unlawful credit practices.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

Popular articles
"Case against President Zuma is strong, it is sound and ready to go to trial"

"Case against President Zuma is strong, it is sound and ready to go to trial"

Barry Bateman, EWN reporter in the Supreme Court of Appeal's ruling to reinstate charges and what this means for President Zuma.

V&A Waterfront responds to claims of sewage water on customer's car

V&A Waterfront responds to claims of sewage water on customer's car

A customer was not happy to find her car in a huge puddle of effluent water after doing her shopping at the V&A Waterfront.

Heroic fire fighter saves drowning child while on holiday

Heroic fire fighter saves drowning child while on holiday

It's not clear how long the little girl (3) spent underwater but it took ten minutes to resuscitate her.

De Waal Drive is now renamed after Philip Kgosana, but who was he? Here's a look

De Waal Drive is now renamed after Philip Kgosana, but who was he? Here's a look

Cape Town's well-known bend has been renamed in honour of PAC stalwart Philip Kgosana, but very few know his historic importance.

A list of words that people need to 'basically' stop using

A list of words that people need to 'basically' stop using

These words have become so overused and pretentious that listeners believe that they've lost their meaning.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.