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    investor relations

    october 2017 outlook on capitec

    S&P Global Ratings Services has affirmed its rating on South Africa-based Capitec Bank Ltd (Capitec).

    Capitec Bank Limited's robust financial performance continues amidst low economic growth, weak state-owned enterprises, and political instability that is constraining South Africa's creditworthiness.

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

    S&P Global's negative outlook on Capitec Bank Limited reflects that of South Africa, as well as the view that weak economic growth and the persistent credit risk of over-leveraged households increase pressure on asset quality.

    For a detailed report, download the PDF below.