Capitec is facing competition from three large South African companies targeting a similar market

[mylesillidge]

Capitec under siege

Capitec is set to face intensified competition in the coming years following a period of substantial growth, with at least three major businesses targeting the same or similar customers.

Old Mutual, Shoprite Holdings, and Pepkor Holdings have or plan to launch banks that serve the low-end and up-and-coming middle-income market.

 

[FiestaST]

Capitec under siege

 

[neoprema]

They will never match the number of ATM's Capitec has.

 

[Johand]

I wouldn't worry too much about Capitec It is amazing that more than 50% of their profit doesn't come from retail banking but from VAS/Insurance/Mobile. And they are expanding internationally.

Keeping my shares.

#NotInvestmentAdvice
#DontMessWithStellenboschMafia

 

[Werner1975]

No one stays top dog forever.

 

[RedViking]

Show us the available Smart ID comparison. Otherwise you are taking rubbish.

 

[EmmanuelGoldstein]

In future:

"End of an era for Capitec"
"Capitec goes from hero to zero"
"Capitec under siege"<--- oh wait.. dammit already used

 

[RonSwanson]

"under siege".
Like SpaceX is under siege from Kuiper.