Capitec built an empire on consumers. Now it wants your business.
With profit up 23% to R16.8 billion, Capitec says its tiny share of business banking is the biggest growth opportunity of the next three years.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Editor’s pick
The AI boom is about to make your next laptop more expensive
A global memory shortage nicknamed RAMaggedon has delayed Apple's MacBook Air and pushed gadget prices sharply higher, with cars possibly next.
Mondi Is Shutting Factories After a Painful Half — and Investors Cheered
Profits fell hard at the packaging giant, so it sped up plant closures and cut spending. The market read it as discipline, sending the shares sharply higher.
South Africans Are Drinking Less Beer. SAB Still Made More Money.
By steering drinkers towards premium brands like Corona, SAB grew revenue and margins even as beer volumes fell — the same playbook powering parent AB InBev worldwide.
Big story
MTN's Best Numbers in Years Triggered Its Worst Day on the JSE
A 71% profit jump in Nigeria should have been a triumph — but a mobile-money stumble and a surprise Ghana lawsuit sent MTN's shares down almost 10%.
Cigarettes Are Fading. Nicotine Pouches Just Rescued Big Tobacco's Year.
British American Tobacco lifted its profit outlook as booming Velo pouch sales and a strong US run offset shrinking cigarette demand — even as it cuts thousands of jobs.
Pep's Owner Says It's Building Its Own Bank — On Its Own
Pepkor shot down a report that it was teaming up with Standard Bank to take on Capitec, insisting its own bank is still on track for 2027.
Foschini's Boss Just Took a 59% Pay Cut. His Stores Are Next.
After a year of falling profit and a share price cut in half, The Foschini Group slashed its CEO's pay to R18.5 million and lined up hundreds of stores to close.
Editor’s pick
Apple's Record Quarter Came With a Near-$500 Billion Hangover
The iPhone maker posted its strongest-ever June quarter, then watched a looming memory-chip shortage knock almost 10% off its share price.
A Faraway War Is Emptying South African Planes
FlySafair says domestic demand has fallen about 14% since the Middle East conflict sent jet-fuel prices soaring and priced ordinary travellers out of their seats.
Big story
Anglo American Is Betting Everything on Copper
Record copper prices tripled the dividend and lifted core profit by more than a third, but writing down the coal business it is selling still tipped Anglo into a loss.
Microsoft's AI Cloud Is Minting Money, Even as Xbox Keeps Slipping
A record year for Azure and a $3.2 billion windfall on its Anthropic stake carried Microsoft past $90 billion in quarterly sales, while the games and Windows businesses stalled.