Zuko Komisa
- Capitec announced headline earnings surged 26% to R8 billion for the six months to August 2025, driven by client growth and diversification.
- The digital bank now serves 25 million clients, covering over half of South Africa’s adults, and is expanding among youth and higher-income earners.
- Earnings were equally boosted by the bank’s diversified ecosystem, with its Insurance and Fintech segments each contributing 26% to Group earnings.
Capitec, South Africa’s largest digital bank, has announced a period of substantial growth, with headline earnings surging by 26% to R8 billion for the six months ending August 2025.
The bank’s impressive performance, detailed in its interim results, was attributed by Group CEO Graham Lee to its unwavering focus on clients and the delivery of innovative solutions.
“The scale of our 25 million client base puts us in a strong position to lower the cost per transaction, increase revenue and continue to invest,” Mr Lee stated.
The Capitec Group’s total client base grew by 8%, with its Personal Bank division now serving over half of South Africa’s adult population. Key growth highlights include:
- Fully banked clients rose by 11% to 9.4 million.
- The bank solidified its grip on the youth market, with clients aged 16 to 35 reaching 12 million, securing a commanding 58% market share in that segment.
- Capitec is also appealing to wealthier customers, with clients earning over R50,000 per month increasing by 24%.
Kaya Biz with Gugulethu Mfuphi spoke to Graham Lee – CEO of Capitec Bank.
Listen to the conversation here:
READ NEXT: Milpark Hospital shooting: 45-year-old man gunned down in suspected hit
The post Capitec’s client base hits 25 million, earning R8 billion in 6 months appeared first on KAYA 959.
