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JOHANNESBURG - Capitec Bank continued with its impressive run by delivering a 17% increase in headline earnings to R2.05bn for the six months to end August, up from R1.75bn as compared to the same period a year ago.

Lending and investment income for the period increased to R8.63bn, up from R7.93bn while profit rose to R2.05bn as compared to R1.76bn. the group also reported a 17% increase in headline earnings per share (Heps) to 1 769 cents a share, up from 1 517c. The board declared a gross interim dividend of 525c per ordinary share.

Chief executive Gerrie Fourie said: “The value we generate for our clients through personal service and delivery of affordable, accessible financial solutions drives the growth of our company. Investing in our people and infrastructure supports this growth and allows us the opportunity to create jobs, stimulate the economy and ultimately transform the country in which we live.”

Capitec created 1 053 new jobs during the period and took the overall staff to 13 532, with 9.2 million active clients. This represents client growth of 106 000 per month over the last 12 months.

- BUSINESS REPORT