Browsing: michiel le roux capitec

Driving force: The brains behind Capitec Bank Holdings

South Africa

These prospective customer circumstances have provided the proverbial “ace” which Capitec has played very successfully during its 21 years of existence.

Capitec’s success is attributable largely to the leadership of one man Stassen and the support of his team. Stassen for his part is not a traditional banker, he was during his time at the helm of the bank an even more unconventional CEO.

In his own words, he is non-hierarchical, consultative, and often informal in his approach. By his own admission, he is not a natural reader but said that he learns a lot from observation… Typically the average chief executive is said to read at least 52 books a year… but then Stassen was not an average CEO.…

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South Africa’s Superstar Banking Corporation Capitec Bank Holdings

Banking

Capitec Bank has 16 million clients, more than half of which bank digitally.

The bank has more than 800 branches spread out through South Africa. Capitec can now claim to be the bona fide largest banking company in South Africa.

Capitec Bank was founded in 2000 in a sector fiercely competed for and dominated by what was then the big four banks, Standard Bank, Nedbank, FNB and ABSA.…

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Michiel Le Roux | Net Worth | Personal Life | African Billionaire

Africa billionaires

South African billionaire Michiel Le Roux.
Michiel Le Roux is a South African entrepreneur and founder of Capitec Bank in which he owns about 11 percent stake.

Founded in 2001 the bank is listed and trades on the Johannesburg Stock Exchange. Capitec bank targets South Africa’s emerging middle class and is thus far one of Africa’s most successful banks.
Le Roux has served as the bank’s board chairman from 2007 to 2016 and now continues to be a board member and is renowned to be one of SA’s billionaires.
He is a seasoned banker and financial enthusiast having previously run the Boland Bank, a regional bank in Cape Town.

michael le roux

The Bank is now one of the most notable financial institutions in the country and according to the Solidarity Research Institute report of 2015, Capitec Bank is described as the cheapest bank in South Africa.
A good description of a targeted …