Admin Table of Contents
- 1 How does capitec bank support the community through social responsibility Programmes?
- 2 What is capitec Bank mission statement?
- 3 Who is the CEO of capitec?
- 4 Who are the directors of Capitec Bank?
- 5 What is Capitec’s corporate social investment strategy?
- 6 How much has Capitec spent on CSI initiatives this year?
Our CSI programme features 3 main areas of support; the Capitec Foundation which focuses on improving numeracy and financial literacy, once-off donations through which we give back to the community through volunteerism and donations, and disaster relief which we actively support through recognised and legitimate …
What business level strategy does capitec use?
A notable feature of Capitec’s strategy is its use of digital technology to develop a low-cost banking offering that appeals to mass-market consumers. The bank built an electronic platform that removed paper transactions and simplified operations in the branch.
What is the main service provided by Capitec Bank?
Capitec Bank
| Trade name | Capitec Bank Holdings Limited |
|---|---|
| Products | Loans, Investment Banking, Savings, Investments, Debit Cards, Credit Cards, Commercial Banking |
| Services | Financing |
| Revenue | (2016) |
| Total assets | R62.945 billion “PDF” (PDF). (866 KB) (2016) |
What is capitec Bank mission statement?
An affordable, simplified banking solution would mean very little without excellent service. Our immediate focus is to build a relationship with you to better understand your needs and goals and to empower you to take control of your cash.
What is capitec foundation?
Capitec established the Capitec Foundation in 2015. The Foundation is an independent, non-profit organisation that incorporates our corporate social investment (CSI) initiatives. It is actively involved in mathematics education programmes, tutoring programmes and financial life skills training.
Where is capitec head office?
Stellenbosch, South Africa
Capitec Bank/Headquarters
Who is the CEO of capitec?
Gerrie Fourie (Jan 1, 2014–)
Capitec Bank/CEO
Capitec CEO Gerrie Fourie has defended the bank’s loan book, often a source of scepticism from the bank’s handful of critics, saying he is comfortable with its quality and it has admirably weathered the storm caused by Covid-19.
Who is the owner of Capitec Bank in South Africa?
Michiel Le Roux
#2524 Michiel Le Roux Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class.
Who is capitec bank owners?
REAL TIME NET WORTH. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class.
Who are the directors of Capitec Bank?
The Board appointed Ms Cora Hedwick Fernandez, Prof Stanislaus Alexander du Plessis and Mr Vusumuzi Mahlangu as independent non-executive Directors of Capitec and its wholly owned, unlisted banking subsidiary, Capitec Bank Limited (registration number 1980/003695/06) (“Capitec Bank”) effective 25 September 2020.
What makes Capitec Bank different from other banks?
Capitec is also the only bank covered by Solidarity in this segment paying interest on accounts in this category, offering an interest rate of 2.25% per annum on a positive balance. The bank markets this feature as being able to cover monthly fees with a positive cash balance, effectively making it the cheapest option.
How old is capitec?
20 years (March 1, 2001)
Capitec Bank/Age
Michiel Le Roux founded the Capitec Bank in March 1, 2001 and owns about 11% stake. The bank was listed on the Johannesburg Stock Exchange (JSE) on February 18, 2002, as a retail bank that targets South Africa’s emerging middle class.
Neptal Khoza, Head of CSI at Capitec Bank, explains how the company shifted its corporate social investment (CSI) strategy from philanthropic to a balance between developmental and strategic. We wanted to define what it meant to be a Capitec employee in terms of caring for the community, personal growth and society.
What does Capitec Bank do for schools?
As part of the sponsorship agreement, Capitec Bank has committed to donating R10 for every ticket sold towards a school, to support the creation and enhancement of a conducive learning and teaching environment in disadvantaged schools.
What is Capitec doing for You?
At Capitec, we’re committed to playing an active role in addressing the challenges faced by our people – South African individuals and communities, and supporting initiatives that can improve their circumstances. This aligns to our purpose of enabling our clients to improve their financial lives.
How much has Capitec spent on CSI initiatives this year?
‘In total, we have spent R32 million on CSI initiatives this year.’ Capitec’s banking app makes it possible for clients to bank from the safety of their homes 24/7, while incurring no data costs as their app is zero rated for data. Since January 2020 they have welcomed over 600 000 new digital banking clients.