NATIONAL NEWS - The South African Reserve Bank (Sarb) says that according to all the information available, Capitec is solvent, well capitalised and has adequate liquidity, adding that the bank meets all prudential requirements.
This comes after US-based fund manager Viceroy released a report on Tuesday which likened Capitec to a loan shark.
The Viceroy research group called on the Finance Minister and the Sarb to immediately place Capitec under curatorship after branding the bank as a "loan shark with massively understated defaults - masquerading as a community finance provider".
Viceroy also produced the report that blew the lid on the accounting fraud at Steinhoff last year.
Reserve Bank says Capitec is solvent, has adequate liquidity
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Posted on: 14:01 Tue, 30 January 2018
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