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Capitec Bank is a South African retail bank and financial services company. [2] As of February 2024 the bank was the largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.
Michiel Scholtz du Pré le Roux (born 20 May 1949) is a South African billionaire businessman and philanthropist who co-founded Capitec Bank. He was the bank's inaugural chief executive officer from 2001 to 2004 and later served as its chairman from 2007 to 2016. One of South Africa's richest men, he is also a major donor to the Democratic Alliance
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
The bank was founded in Republic of South Africa in 1965. It obtained a banking licence in 1989; [6] and became a fully owned subsidiary of Mercantile Bank Holdings Limited, a bank holding company incorporated in January the same year. [3] In 1995, the bank merged with Bank of Lisbon International (BLI) – a bank established in 1965.
Capitec Bank; First National Bank (South Africa) FirstRand Bank; Grindrod Bank; Imperial Bank South Africa; Investec; Nedbank; Sasfin Bank; Standard Bank [91] Teba ...
Bank of Africa: 16: Michiel Le Roux: $1.2 billion 71 South Africa: Capitec Bank: 16: Strive Masiyiwa: $1.2 billion 59 Zimbabwe: Econet Global: 18: Yasseen Mansour: $1.1 billion 59 Egypt: Mansour Group