Capitec Bank’s mobile virtual network operator, Capitec Connect, more than doubled its net income contribution to R442-million in the year to 28 February 2026, as subscribers, data traffic and voice minutes all surged. The Cell C-hosted operator, which launched in late 2022, reported 1.5 million clients active in the past three months of the reporting…
Capitec Bank has put artificial intelligence tools in the hands of almost 5 000 of its employees and is running an agentic AI inside its business banking credit processing operation, according to the group’s 2026 integrated annual report, published on Wednesday alongside its full-year financial results. South Africa’s largest retail bank by client numbers said the…
Capitec CEO Graham Lee Capitec Bank has scrapped call charges between its own Capitec Connect Sim cards in a sharp competitive move by South Africa’s largest mobile virtual network operator. CEO Graham Lee announced the change at the group’s full-year results presentation in Stellenbosch on Wednesday, saying calls between any two Capitec Connect numbers are…
In a significant leap for South African public service delivery, the Department of Home Affairs and Capitec launched the country’s first self-service terminals on Monday. This new system allows citizens to apply for ID documents directly at bank branches without the need to interact with a customer service consultant, effectively bypassing the traditional administrative bottlenecks…
The department of home affairs and Capitec on Monday launched South Africa’s first self-service terminals that will allow citizens to apply for ID documents at Capitec branches without the need to engage with a customer service consultant. “This partnership with Capitec marks a historic step in transforming how South Africans access their identity documents. By…
Capitec has appointed Andrew Baker as chief information officer (CIO), succeeding Wim de Bruyn as the bank adjusts its executive structure to support its next phase of technology development. Andrew Baker | image supplied Baker previously served as chief technology officer and has been with the bank for four years. In his new role, he…
Andrew Baker Andrew Baker has been appointed as chief information officer of Capitec. Baker, who was previously the company’s chief technology officer, takes the CIO reins from Wim de Bruyn, who had been in the role since 2014. “Baker … takes the helm from Wim de Bruyn to lead the next phase of the bank’s…
Capitec CIO Andrew Baker. Capitec has appointed Andrew Baker as chief information officer (CIO). In a statement to ITWeb, the Capitec says Baker, who previously served as chief technology officer, takes the helm from Wim de Bruyn, to lead the next phase of the bank’s technology evolution. It notes that Baker brings a wealth of data…
Capitec group CEO Graham Lee. Capitec has entered into a binding agreement to acquire 100% of fintech start-up Walletdoc, subject to regulatory approvals. In a statement, the bank says the acquisition marks a significant milestone in its strategy to offer secure payment acceptance to Capitec Business clients and e-commerce solutions to Capitec Personal Banking clients….
Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
