The bank's business model, based on unsecured loans and low-cost transactions, has proved successful as it seeks to attract the unbanked population. Blowing up in growth, would be the only way to describe the way Capitec Bank has appeared on the South African banking scene since it was established on 1 March 2001.
In the space of 12 years, the bank has established a franchise that now spans 589 branches, 9,000 staff and 4.7 million clients. The business was the brainchild of Riaan
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