Capitec shares slump after earnings update disappoints

The original article can be found here.

Article highlights:

  • Shares of Capitec, South Africa’s largest digital banker, slipped almost 10% at one point on 8 September.
  • Headline earnings per share is expected to rise by between 15% and 18% to as much as R40.67, the lender said in a very brief update.
  • Ashburton Investments senior equity analyst Daniel Masvosvere said the market will have to wait for Capitec to present its results in order to get colour on its performance.