Capitec Bank Holdings

Capitec Bank Holdings

Capitec Bank Holdings Limited provides various retail banking products and services in South Africa. The company offers various deposits products, including transaction and savings accounts; and credit facilities, credit cards, home loans, and personal credit products. It also provides money management, point-of-sale payment, salary transfer, workplace banking, Internet banking, and mobile banking services. It operates approximately 800 branches and 3,000 ATMs. The company was incorporated in 1999 and is based in Stellenbosch, South Africa.

Key Executives For Capitec Bank Holdings Limited

NameBoard RelationshipsTitleAge
Gerhardus Metselaar Fourie B.Comm (Hons), MBA12RelationshipsCEO & Executive Director54
André Pierre du Plessis BComm (Hons), BComm(Hons), CA(SA)12RelationshipsCFO & Executive Director56
Hendrik Albertus Jacobus Lourens Bcomm (Hons), CA(SA)No RelationshipsExecutive of Operations52
Jacobus Everhardus CarstensNo RelationshipsChief Credit Officer50
Nkosana Samuel Mashiya12RelationshipsExecutive of Risk Management & Executive Director42
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Capitec Bank Holdings Limited Board Members*

NameBoard RelationshipsPrimary CompanyAge
Riaan Stassen B.Comm(Hons), CA(SA)19RelationshipsCapitec Bank Holdings Limited64
Gerhardus Metselaar Fourie B.Comm (Hons), MBA12RelationshipsCapitec Bank Holdings Limited54
André Pierre du Plessis BComm (Hons), BComm(Hons), CA(SA)12RelationshipsCapitec Bank Holdings Limited56
Nkosana Samuel Mashiya12RelationshipsCapitec Bank Holdings Limited42
Petrus Johannes Mouton B.Com., BCom (Maths)50RelationshipsPSG Group Limited42

Capitec Bank Holdings Limited Executive Committees*

Committee NameChairpersonBoard RelationshipsMembers
Audit Committee B.Com (Tuks), Hons B.Compt, CFA, CJean Pierre Verster12 Relationships3 Executives
Compensation CommitteeLindiwe Angela Dlamini12 Relationships3 Executives
Committee on Directors B.Comm(Hons), CA(SA)Riaan Stassen19 Relationships9 Executives

Capitec Bank Holdings Limited Key Developments

Suitors Mulls Acquisitions Of Mercantile BankJun 18 18

Mercantile Bank Holdings Limited has received bids from foreign investors. The bank, owned by Caixa Geral de Depósitos, S.A., will be purchased by one of four bidders by the end of the 2018. In the running are Capitec Bank Holdings Limited (JSE:CPI), Nedbank Limited (JSE:NBKP), Bayport Financial Services, a consortium comprising Grindrod Bank Limited and Arise Investment Management, and a consortium comprising Public Investment Corporation SOC Limited. Nedbank’s Chief Executive, Mike Brown described the possible acquisition as bolt on and unlikely to affect market shares.Capitec Bank Holdings Limited, Annual General Meeting, May 25, 2018Apr 24 18

Capitec Bank Holdings Limited, Annual General Meeting, May 25, 2018, at 14:30 South Africa Standard Time. Location: MolenVliet Wine & Guest Estate, Old Banhoek Road, Helshoogte Pass Stellenbosch South AfricaCapitec Bank Holdings Plans to Form Joint Venture with SanlamMar 30 18

Capitec Bank Holdings Limited is planning to form a bancassurance joint venture (JV) with Sanlam Limited. Both companies are based in South Africa. Upon completion of the JV, Sanlam will become an insurance partner to the Capitec Bank. The JV would enable Sanlam with an opportunity to grow its client base in the local market and earn an income off the products sold to Capitec clients.