Capitec

Capitec HEPS came in +36% higher at 5544c, slightly above the midpoint of guidance (5538c), & topping the Bloomberg consensus of 5270c | The HY div was hiked +37% to 2085c | The Credit loss ratio improved to 7.6% (HY23: 9.6%) | ROE also improved to 29% (HY23: 24%), & > target of 25% | Net interest income (NII) +20% | Non-interest income +22% | Operating expenses +30% | Ex-div: 16 Oct
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