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Capitec Bank gains 1.2m clients in 6 months. 'We're hiring, not retrenching!'

26 September 2019 12:41 PM
Tags:
Banking
Stellenbosch
The Money Show
Capitec Bank
Bruce Whitfield
Sasbo
Bank
Gerrie Fourie
retrenchments
Capitec Bank results

"Our implementation of technology in the business has not posed a threat to jobs," the bank said.

The Money Show’s Bruce Whitfield will interview Capitec Bank CEO Gerrie Fourie at 6:09 pm on Thursday, 26 September.

We’re fortunate to be growing, continuously hiring new employees and not retrenching… Our implementation of technology in the business has not posed a threat to jobs…

Capitec Bank

Capitec Bank gained 1.2 million new clients in the past six months.

The Stellenbosch-based bank now has 12.6 million active clients.

The bank increased its profits by 20% (to R2.9 billion).

It released its results for the half-year to 31 August 2019 on Thursday.

Capitec Bank plans to open 17 new branches in the next six months.

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This article first appeared on 702 : Capitec Bank gains 1.2m clients in 6 months. 'We're hiring, not retrenching!'


26 September 2019 12:41 PM
Tags:
Banking
Stellenbosch
The Money Show
Capitec Bank
Bruce Whitfield
Sasbo
Bank
Gerrie Fourie
retrenchments
Capitec Bank results

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