by AKANI CHAUKE
JOHANNESBURG, (CAJ News) – CAPITEC, South Africa’s largest digital bank, has reported another six months of strong growth, with headline earnings climbing 26 percent to R8 billion (US$465,36 million) for the period March to August 2025.
Gerrie Fourie, Group Chief Executive Officer of Capitec, said the bank’s performance reflects its client-centric approach and ongoing delivery of innovative, relevant solutions.
“Our goal has always been to build trust and make a meaningful impact in our clients’ lives,” he said.
“Reaching a 25 million client base gives us the scale to reduce the cost per transaction, increase revenue, and continue investing in new initiatives and products that meet clients’ daily needs.”
Capitec’s total client base grew by 8 percent, with its Personal Banking division now serving more than half of South Africa’s adult population.
- Fully banked clients rose 11 percent to 9,4 million.
- Clients aged between 16 and 35 reached 12 million, giving Capitec a dominant 58 percent share of the youth banking market.
- Clients earning above R50 000 per month increased by 24 percent, reflecting the bank’s growing relevance among higher-income earners.
The bank’s Insurance division contributed 26 percent to group earnings, with products such as Credit Life, Life Cover, and Funeral Plans now covering 15,8 million lives, up 16 percent year-on-year.
Capitec’s Fintech segment, which includes Value-Added Services (VAS) and Capitec Connect, also contributed 26 percent to earnings.
The segment recorded rapid growth, with 1,1 million active Capitec Connect SIMs and 12 million clients purchasing VAS via the Capitec app in the past month.
Meanwhile, AvaFin, Capitec’s international lending arm operating in Poland, Latvia, Czechia, Spain, and Mexico, contributed R124 million to group headline earnings between May and August 2024, following a 27 percent increase in active clients.
With its expanding client base and strong performance across multiple business lines, Capitec continues to consolidate its position as South Africa’s leading digital bank.
— CAJ News