From December last year, Capitec has lost R79 billion in value, and some economists have raised concerns about the bank’s exposure to at-risk consumers. Capitec has stated its client base has seen migrations to the middle and higher income segment. In addition, they state that 47% of credit granted has gone to customers that earn more than R20k pm. Amongst South Africans, only 12% of all consumers who hold unsecured credit earn more than R20k pm. (XDS Credit Data, 2019 Q4, https://bit.ly/2UIo4v7)

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