Capitec Bank Holdings
Capitec Bank Holdings Limited provides various retail banking products and services in South Africa. The company offers various deposits products, including transaction and savings accounts; and credit facilities, credit cards, home loans, and personal credit products. It also provides money management, point-of-sale payment, salary transfer, workplace banking, Internet banking, and mobile banking services. It operates approximately 800 branches and 3,000 ATMs. The company was incorporated in 1999 and is based in Stellenbosch, South Africa.
Key Executives For Capitec Bank Holdings Limited
| Name | Board Relationships | Title | Age |
| Gerhardus Metselaar Fourie B.Comm (Hons), MBA | 12Relationships | CEO & Executive Director | 54 |
| André Pierre du Plessis BComm (Hons), BComm(Hons), CA(SA) | 12Relationships | CFO & Executive Director | 56 |
| Hendrik Albertus Jacobus Lourens Bcomm (Hons), CA(SA) | No Relationships | Executive of Operations | 52 |
| Jacobus Everhardus Carstens | No Relationships | Chief Credit Officer | 50 |
| Nkosana Samuel Mashiya | 12Relationships | Executive of Risk Management & Executive Director | 42 |
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Capitec Bank Holdings Limited Board Members*
| Name | Board Relationships | Primary Company | Age |
| Riaan Stassen B.Comm(Hons), CA(SA) | 19Relationships | Capitec Bank Holdings Limited | 64 |
| Gerhardus Metselaar Fourie B.Comm (Hons), MBA | 12Relationships | Capitec Bank Holdings Limited | 54 |
| André Pierre du Plessis BComm (Hons), BComm(Hons), CA(SA) | 12Relationships | Capitec Bank Holdings Limited | 56 |
| Nkosana Samuel Mashiya | 12Relationships | Capitec Bank Holdings Limited | 42 |
| Petrus Johannes Mouton B.Com., BCom (Maths) | 50Relationships | PSG Group Limited | 42 |
Capitec Bank Holdings Limited Executive Committees*
| Committee Name | Chairperson | Board Relationships | Members |
| Audit Committee B.Com (Tuks), Hons B.Compt, CFA, C | Jean Pierre Verster | 12 Relationships | 3 Executives |
| Compensation Committee | Lindiwe Angela Dlamini | 12 Relationships | 3 Executives |
| Committee on Directors B.Comm(Hons), CA(SA) | Riaan Stassen | 19 Relationships | 9 Executives |
Capitec Bank Holdings Limited Key Developments
Suitors Mulls Acquisitions Of Mercantile BankJun 18 18
Mercantile Bank Holdings Limited has received bids from foreign investors. The bank, owned by Caixa Geral de Depósitos, S.A., will be purchased by one of four bidders by the end of the 2018. In the running are Capitec Bank Holdings Limited (JSE:CPI), Nedbank Limited (JSE:NBKP), Bayport Financial Services, a consortium comprising Grindrod Bank Limited and Arise Investment Management, and a consortium comprising Public Investment Corporation SOC Limited. Nedbank’s Chief Executive, Mike Brown described the possible acquisition as bolt on and unlikely to affect market shares.Capitec Bank Holdings Limited, Annual General Meeting, May 25, 2018Apr 24 18
Capitec Bank Holdings Limited, Annual General Meeting, May 25, 2018, at 14:30 South Africa Standard Time. Location: MolenVliet Wine & Guest Estate, Old Banhoek Road, Helshoogte Pass Stellenbosch South AfricaCapitec Bank Holdings Plans to Form Joint Venture with SanlamMar 30 18
Capitec Bank Holdings Limited is planning to form a bancassurance joint venture (JV) with Sanlam Limited. Both companies are based in South Africa. Upon completion of the JV, Sanlam will become an insurance partner to the Capitec Bank. The JV would enable Sanlam with an opportunity to grow its client base in the local market and earn an income off the products sold to Capitec clients.