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    CPI   ZAE000035861


End-of-day quote Johannesburg Stock Exchange  -  05-18
2174.70 ZAR   -0.30%
05/10NCino Chosen by Capitec Bank to Provide Loan Management Technology
05/04CAPITEC BANK HOLDINGS LIMITED : Ex-dividend day for extraordinary dividend
05/04CAPITEC BANK HOLDINGS LIMITED : Ex-dividend day for final dividend
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Capitec Bank Holdings Limited Announces Executive Changes

01/12/2022 | 12:30am EDT

Capitec Bank Holdings Limited announced that André du Plessis, Co- Founder, Chief Financial Officer (CFO) and Financial Director (FD) of the Capitec group will be retiring on 30 June 2022 after 22 years of dedicated service to the Group. Grant Hardy, Group Services Financial Head at Capitec Bank, is the designated CFO and FD to succeed André on 1 July 2022. Grant is a chartered accountant who completed his articles with Deloitte in Johannesburg in their Financial Services team. Following this he spent 8 years working in the banking sector in the United Kingdom before returning to South Africa and joining Capitec Bank in 2015. He has fulfilled various roles in the Financial Management division at Capitec Bank, and in 2019 he occupied a development seat on the Executive Committee allowing him to gain extensive insight into the Group. In his current role he is responsible for the budgeting and forecasting, costing, financial modelling, pricing, provisions and treasury functions. Additionally in 2018, he co-led the due diligence for the acquisition of the Mercantile group with André. Talent management and succession planning form an integral part of broader risk management at Capitec. As part of the strategy to preserve Capitec's unique culture, significant effort is made to develop own people with specific focus on talented individuals with potential to lead the company in the future. Where possible, significant positions are filled from within the Group. Most Co-Founders who retired, were replaced by individuals from within the Group. Grant was amongst the individuals who were identified and shortlisted over the last 4 years to succeed André. Over this period, André worked closely with the candidate successors to ensure that they gain appropriate depth of insight into the Capitec group and to evaluate their respective performances on a continuous basis. Over the next 6 months Grant will continue to work shoulder- to-shoulder with André to ensure a seamless transition. A detailed handover plan was developed and will be followed. The Board is pleased with Grant's appointment as André's successor and is confident that his experience and intimate knowledge of the Group will support the continued growth of Capitec.

© S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
CAPITEC BANK HOLDINGS LIMITED -0.30% 2174.7 End-of-day quote.6.61%
ON SEMICONDUCTOR CORPORATION 0.43% 56.07 Delayed Quote.-17.45%
SUCCEED CO., LTD. -1.41% 1050 Delayed Quote.-23.02%
05/10NCino Chosen by Capitec Bank to Provide Loan Management Technology
05/04CAPITEC BANK HOLDINGS LIMITED : Ex-dividend day for extraordinary dividend
05/04CAPITEC BANK HOLDINGS LIMITED : Ex-dividend day for final dividend
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04/20CAPITEC BANK : Dealings in Securities and Acceptance by a Director and Prescribed Officers..
More news
Sales 2023 30 928 M 1 952 M 1 952 M
Net income 2023 10 457 M 660 M 660 M
Net Debt 2023 - - -
P/E ratio 2023 24,4x
Yield 2023 2,01%
Capitalization 252 B 15 938 M 15 938 M
Capi. / Sales 2023 8,16x
Capi. / Sales 2024 7,15x
Nbr of Employees 14 758
Free-Float 74,7%
Duration : Period :
Capitec Bank Holdings Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CAPITEC BANK HOLDINGS LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 2 174,70 ZAR
Average target price 2 113,00 ZAR
Spread / Average Target -2,84%
EPS Revisions
Managers and Directors
Gerhardus Metselaar Fourie Chief Executive Officer & Executive Director
André Pierre du Plessis CFO, Financial Director & Executive Director
Santie Louise Botha Chairman
Willem de Bruyn Head-Information Technology
Jean Pierre Verster Independent Non-Executive Director