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January 0001

Market News Company Information

Investment idea: Capitec (2)

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Adriaan Pask

Chief Investment Officer, PSG Weatlh

In this report, we look at the key takeaways from the Capitec Bank full-year 2024 results:

Capitec Bank

In this report, we look at the key takeaways from the Capitec Bank full-year 2024 results:

  • Headline earnings per share increased by 16% at the top of the guidance of 14% to 16% provided by management.
  • Net interest income increased by 16% to R16 464 million driven by both asset growth and rising interest rates.