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    investor relations

    2016 outlook on capitec

    09/09/2016
    Standard & Poor's Ratings Services has affirmed its rating on South Africa-based Capitec Bank Ltd (Capitec).
    Capitec clients queueing at deposits queue

    Capitec Bank Ltd.'s robust financial performance continues, despite low economic growth and acute pressures facing domestic households in South Africa.

    As a result, S&P affirmed their ratings on Capitec Bank.

    S&P’s negative outlook reflects South Africa's slowdown in economic growth, high inflation, and the positive interest rate cycle, which is placing additional pressure on financial institutions' asset quality and earnings.

    For a detailed report, download the PDF below.