Business | Capitec Bank reports substantial growth

Banking group Capitec has reported that its earnings grew substantially in the six months ending 31 August 2024. Capitec says headline earnings per share increased by 36% to 5 544 cents. The group says credit impairments is down by a billion rand. It says its share price doubled in the past year. The bank says net transition and commission income rose 19% to R6.9 billion and that its banking app clients increased by 21% to 12.4 million For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.