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Capitec shares up, sees higher earnings

March 5 2013 at 12:14pm
By Reuters

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Capitec

Independent Newspapers

Capitec Bank branch. Photo: Matthew Jordaan.

Johannesburg - Shares of Capitec Bank surge more than 4 percent after the mass-market lender flags that earnings for the year to end-February would rise by between 32 and 36 percent.

Capitec reported a 50 percent surge in diluted headline earnings per share to 1,099 cents in the year to end-February 2012, lifted by strong demand for loans.

Shares are up 4.35 percent at 193.99 rand. - Reuters


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