Capitec Bank is a South African retail bank. As of August 2017 the bank was the second largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.
Capitec Bank
Who owns Capitec Bank in South Africa?
Michiel Le Roux
Meet Michiel Le Roux, founder of Capitec bank who listed on Forbes Africa’s billionaire list. Earlier this week, Forbes Africa announced their list of the wealthiest people on the continent.
Can I invest R500 at Capitec?
You deposit R500 into an account earning 10% interest a year, compounding annually. This means your total interest is added to your account balance once at the end of 12 months.
Can Capitec send money to Nigeria?
But despite offering a great digital banking experience, Capitec doesn’t allow you to send international payments.
How much do you need to open a Capitec savings account?
Your transactional account has a R25 minimum balance and just R7. 00 monthly admin fee, with easy transactions at lower, transparent bank costs.