Capitec’s headline earnings increased by 16% to R10.6 billion, and net interest income grew by 13% to R14.9 billion, demonstrating robust growth despite challenging market conditions.
- The net credit impairment charge on gross loans and advances rose by 37% to R8.4 billion, reflecting the impact of the economic environment on credit quality.
- The board approved a final gross dividend of 3,345 cents per ordinary share, resulting in a total dividend of 4,875 cents per share for the 2024 financial year, demonstrating the bank’s commitment to shareholder returns.
- Capitec expanded its active client base to 22.0 million, representing 36% of South Africa’s total population, showcasing the bank’s ability to attract and retain customers.
- CEO Gerrie Fourie’s total remuneration for 2024 amounted to R65.74 million, including guaranteed pay and a short-term cash incentive, reflecting a 5.9% increase compared to the previous year.
- CFO Grant Hardy received R12.53 million in total remuneration for 2024, with a smaller amount due to his shorter tenure in the position.
- Capitec spent R7.17 billion on staff costs in 2023, translating to an average of R455,324 per employee, highlighting the bank’s investment in its workforce.