Lessons from CapitecBankSA’s success Moneyweb Banking
If you had invested R1 000 in the ALSI on the day Capitec listed and reinvested all your dividends since, your investment would be worth R11 457 today – a very respectable return that exceeded inflation by more than R8 000. A similar investment of R1 000 in Naspers would have grown to an impressive R287 378. However, as shown in Table 1, R1 000 investment in Capitec would be worth a staggering R2.
Lessons from Capitec’s success There are important lessons to be learnt from analysing the key drivers of Capitec’s spectacular growth. Find a gap in the market Capitec’s founders intentionally targeted the banking industry due to its high barriers to entry and large market size. Banking has onerous regulatory, technological and capital requirements, which reduce the likelihood of new competitors entering the market and competing away profitability.
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