Capitec keeping the taps closed

[Bianke Neethling]

Capitec keeping the taps closed

Capitec tightened its lending criteria, and will remain cautious until South Africa's economy improves significantly.

 

[epah]

@rvZA But yesterday they said Taps are open.

 

[rvZA]

@rvZA But yesterday they said Taps are open.

Lekker f0kken deurmekaar. They should fire the CEO with immediate effect and close all taps for everyone, government included in the interim. Crazy how fast things change in a failed country....

 

[Jan van Riebeeckstad]

@backstreetboy please let us know if we should start a MyBB GoFundMe for you.

 

[backstreetboy]

Lekker f0kken deurmekaar. They should fire the CEO with immediate effect and close all taps for everyone, government included in the interim. Crazy how fast things change in a failed country....

Yeah I'm sure you'll do a better job...

 

[backstreetboy]

@backstreetboy please let us know if we should start a MyBB GoFundMe for you.

MyBB don't allow backabuddy fundraisers.

 

[Grubscrew]

Pappa gaan n kar koop.....

 

[UB40]

View attachment 1697229
Pappa gaan n kar koop.....

11.75% is pretty good, I wonder what the fine print is? R4000 a month admin fee?

 

[Grubscrew]

11.75% is pretty good, I wonder what the fine print is? R4000 a month admin fee?

doubt that many applicants would qualify for that rate, no idea on admin fees.

 

[UB40]

doubt that many applicants would qualify for that rate, no idea on admin fees.

Agree, none of the ATM queuing people will qualify. They stand out there all day to save R8 ATM withdrawal fee when there is an FNB ATM right next door.

 

[rvZA]

Yeah I'm sure you'll do a better job...
View attachment 1697227

I am sure you are seeing the start of the downward trend that will take the share price down by 70% right?

 

[supersunbird]

11.75% is pretty good, I wonder what the fine print is? R4000 a month admin fee?

Better than my 14.65% (which is actually pretty good for a CC). Fee is R50 pm.

The maximum interest rate a credit card can have is 22.25% currently (repo rate + 14%),

 

[supersunbird]

Agree, none of the ATM queuing people will qualify. They stand out there all day to save R1 ATM withdrawal fee when there is an FNB ATM right next door.

FTFY