Interim results. We believe by helping people better manage their financial lives, we are playing a part in the banking revolution. Wednesday 04 Mar 2020. Capitec CEO Gerrie Fourie said during the company’s 2020 financial results presentation on Tuesday, 14 April, that the bank has already granted nine loans within 15 days at the WeBuyCars warehouse. However, there is a stark difference between people who managed to hold on to their jobs and were mostly not that affected versus those, particularly in lower income segments, who were. ONLINE SAFETY The Capitec share price was R1,058.77 per share as at 9 Oct 20 3. Indicators. The financial information on which this trading statement is based has not been reviewed and reported on by Capitec’s joint auditors. The bank’s credit loss ratio (impairment to total advances) is 8.1% from 3.6% last year. Terms of use. 2020 Interim Results Summary Standard Bank Group’s (SBG or the group) results for the six months ended 30 June 2020 (1H20) reflect that of a resilient, well diversified underlying franchise, negatively impacted by a very difficult environment, particularly in South Africa. Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. More than half its loan sales in the period were to those earning more than R20 000 a month, up from 33% three years ago. But for those affected, the situation is dismal. Sharenet Group of Companies are authorised financial services providers. In fact, in April its retail call deposits spiked by R7.3 billion, or 13% from March, as many clients had substantial extra cash available. It is not clear how this will play out a second time. By August, these volumes were at 149%. It was 'a decision that would typically be taken by a CEO in my position' says former head of Transnet. SANLAM INVESTMENT GROUP COVID-19. He said these loans were granted three weeks before the national lockdown began. Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces. He has been a financial journalist since 2005. 919 KB. By August, the income received by Capitec’s banking clients had returned to “normal” levels last seen in March. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. Watch the presentation of our Interim results for the unaudited financial results for the 6 months ended 31 August 2020 Visit our COVID-19 page for any essential banking needs during the lockdown and the official SA government portal www.sacoronavirus.co.za to stay informed about our fight against COVID-19 Capitec Bank Limited Reg. The bank has over the past three years steadily reduced its lending exposure to the lower income segment. Credit loss provisioning will remain conservative and we have provided in full for our expectation of future developments.”. The calculation/derivation may include underlying JSE data. A Capitec Bank person questions convention. The bank’s results for the six months to August 31 almost perfectly match the impact of the Covid-19 lockdown and gradual reopening of the economy. Results presentation 2020. Those who couldn’t afford it simply weren’t able to. There is a false liquidity still at play. Only 7% of total loan sales in the six months were to clients earning less than R7 500. Notice Of Release Of Annual Financial Statements And Results Presentation CAPITEC BANK HOLDINGS LIMITED Registration number: 1999/025903/06 Registered bank controlling company Incorporated in the Republic of South Africa JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 CAPITEC BANK LIMITED Registration … Gerrie Fourie, CEO of Capitec Bank, says customers who earn over R20 000 a month are basically at the “same levels as before” with those earning less than R7 500 a month the most “severely affected”. Gerrie Fourie, Capitec CEO, disclosed during the company’s 2020 financial results presentation on Tuesday that the bank has already granted nine loans within 15 days at the WeBuyCars warehouse. This discount is used to Results 1 – 10 of 10 Page 1 of 1. Register with our alert service to receive news, financial results and other key shareholder messages, when they become available. For more information about the Coronavirus (COVID-19), please visit https://sacoronavirus.co.za. Mirroring the so-called ‘K-shaped’ recovery taking hold in many countries. To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email. 2. Discovery Limited Annual General Meeting. INTERIM 2020 RESULTS PRESENTATION 10 September 2020. It has seen success with over 80% of clients making payments after their payment break. Capitec Financial Results Presentation live stream: https://www.youtube.com/watch?v=0u4XaMTns1Q Nothing can be properly measured now. Announcement of half year results 2020. IFRS 16 Briefing IFRS 16 SENS release Webcast Presentation Slides KEEPING EVERYONE SAFE The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. The bank says “economic conditions are expected to improve in the short term but the full impact of the lockdown will only be seen in the medium term”. FirstRand results presentation – June 2020 FirstRand supplementary slides – June 2020 FirstRand results SENS announcement – June 2020 FirstRand results media release FirstRand analysis of financial results – June 2019 . Ask the wine barrel importers CAPITEC BANK HOLDINGS LIMITED - Notice Of Release Of Annual Financial Statements And Results Presentation Release Date: 09/04/2020 14:50 Code(s): CPI … The pace and robustness of this recovery seems surprising, but the bank said as far back as July when it published its quarterly disclosure and trading statement that it does “believe that the results for the second half of the 2021 financial year could return to normal levels”. As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. Capitec has provided a total of R7.5 billion in payment relief thus far, with the bulk of this (R5.5 billion) in the form of a three-month payment break for those directly affected by loss of income. If April May was a 25% drop in income, then the end of TERS (will it ever end?) This compares with around one in 10 in the formal sector, one in five in the informal sector and one in four when it comes to domestic workers. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. 2020: Full Year Financial Results Financial Results Results Presentation Slides Results Presentation Webcast. Sharenet Securities FSP#: 28430 | Sharenet Wealth FSP#: 41688, © 2021 SHARENET (PTY) Ltd, Cape Town, South Africa. Announcement of full year results 2020: 17 March 2021: Alerts. We made it very clear during our results presentation that Covid-19 will affect Capitec as well as most other organisations. The safety of our employees and clients is something that we care deeply about. By Hilton Tarrant 1 Oct 2020 00:01 If they go on strike or carry on with virus shut downs…. All the best to you and your loved ones. By continuing to use our website, we assume you are okay with it. Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. 2020 Grindrod Final Results Presentation Download. Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. It is evident in other trends too. services. Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. JSE. It says “clients who qualified for Covid-19 reschedules were in good standing at the end of February 2020 and were considered to carry less risk than clients who reschedule in the normal course of business”. Includes Business Day, Financial Mail, and Business Times. It says “performance of the Covid-19 rescheduled loans is encouraging but payment success rates going forward will reveal the medium- to long-term impact of the lockdown on our clients”. “We expect that this impact will be softened by the clients employed in essential services, that comprise 60% of our performing loan book. Notably, in the first three months of this period, it reported a loss of R404 million. Join our mailing list to receive top business news every weekday morning. will be the second wave for loan sharks. The balance came from donations and that loan from the international bank. This mirrors the so-called “K-shaped” recovery taking hold in many countries around the world (although this was not specifically referred to by Capitec in Wednesday’s results presentation). They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You are currently viewing our desktop site, do you want to download our. Annual results presentation. Sign up for alerts . Past events . While any lender is able to cover the higher risk with higher interest rate loans, the bank took a decision to “get out of that market” says Fourie. RESULTS Investor Presentation. Capitec Bank Limited Reg. Between 2 August 2013 and 10 July 2018, documents relating to the Group entity were published … We publish interim and annual financial results. T 2020 1 Notes INTERIM 2020 RESULTS PRESENTATION 10 September 2020. Markets. I also don’t get the logic behind the stats. 2019_Grindrod_Additional information for analysts Download. Please consider contributing as little as R20 in appreciation of our quality independent financial journalism. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Fourie says this will likely further “widen the inequality gap”. Explore our latest and historical reports, results and transactions. 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The key here is to what extent these higher-earning clients overlap with those who work for government (including state-owned companies and municipalities). This has normalised in recent months, and at end-August remained lower than the April spike. Standard Bank Investor Relations. One in 13 working in the agricultural sector lost their jobs. Unless you’re thinking of the bond buying they did. Results booklet – 1MB ; Results presentation – 1MB ; Results transcript – 161KB ; Annual results for the year ended – 31 March 2009 Investor Presentation Oct 2020; Annual General Meeting 17 July 2020; Investor Presentation Feb 2020; Investor Presentation Oct 2019; ... Interim Results (Aug 2020) Capitec unbundling circular; Results for the year ended 29 Feb 2020 (PSG Group) Results for the year ended 29 Feb 2020 … Capitec’s interim results presentation will be livestreamed on 30 September 2020 at 8am SAST. The SARB did not print money, i.e no quantitative easing. Prior to that, he worked at a specialist software development agency after leaving a full-time, award-winning career as a financial journalist. SANTAM. Extracts from the unaudited financial results for the 6 months ended 31 August 2019: ... Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). With them go the restaurants, bars, golf courses, wine farms, breweries, entertainment, airports, shuttles, etc. You can get more information about how we use cookies in our Fourie remains optimistic, even though there are concerns over how this plays out in September, October and November. This is key in evaluating the risk inherent in the bank’s R63.4 billion retail lending book. Still, it has raised an additional provision on the rescheduled loans. To be confirmed. AGENDA Strategic review Paul Hanratty COVID-19 operating context Paul Hanratty The financial results we delivered Wikus Olivier Priorities Paul Hanratty Outlook for remainder of 2020 ... Capitec . Capitec results show scarily uneven impact of Covid-19 Mirroring the so-called ‘K-shaped’ recovery taking hold in many countries. Trading or investing in crypto currencies carries with it potential risks. Items impacting results Specific Share Repurchase and other related transactions concluded in September 2019 ... - Capitec 2020 Digital increasingly important in 2019_Grindrod_Additional information for analysts incl other segment info Download. Informally I hear from foreign tourist market that there are NO bookings for summer season. 2 SANLAM Notes AGENDA Strategic review Paul Hanratty COVID-19 operating context Paul Hanratty ... Capitec 2020. services. Contrast this to the 25% decrease it saw across its base of 14.6 million active retail banking clients in April due to the Covid-19 lockdown. Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Most businesses have been able to keep going by cutting operating expenses in the face of reduced turnover. How is TERS false liquidity? Crypto currencies are not suitable for all investors. The bank’s net impairment charge (primarily the retail book with a small impact from Mercantile Bank) is R6.1 billion, a R3.9 billion increase from a year ago. Capitec Bank: 2020 Vacancies November Author: Admin Published Date: October 29, 2020 Leave a Comment on Capitec Bank: 2020 Vacancies November Date: 21-Oct-2020 He cites education as an example, where those who could afford it over the past six months have been able to ensure their children continue with remote education. Capitec Bank Limited Reg. Analyst presentation (December 2020) Interim report (June 2020) Analyst presentation (June 2020) 2019. Chief among these, says Fourie, is whether we enter a second lockdown. Its April forecast of the probability of default of its credit customers across different sectors was pretty accurate, with only minor adjustments made in the August forecast. The bank reported a 51% decline in profit after taxes and other adjustments for the year through December. Wednesday 01 Apr 2020. Rather wait till TERS benefits stop. 4. COVID-19 Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite. It reported headline earnings for the six months ending August of R650 million, a decline of 78% from a year ago. RESULTS PRESENTATION Shareholders are reminded that Capitec will be hosting a virtual presentation at 08:00 am SAST on Wednesday, 30 September 2020 to present the results to investors. How does the Johnson & Johnson vaccine compare to other coronavirus vaccines? While lower income earners were severely impacted, certain sectors (most obviously travel and leisure) were affected across the board. When people get money back from an insurance they paid for it’s not free money as the insurance industry would have you believe to avoid paying business disruption. The extent to which the bank’s higher-earning clients overlap with those who work for government is key in evaluating the risk inherent in its R63.4bn retail lending book. 2019 A further risk is that the ending of the special Covid-19 Social Relief of Distress grant (R350 a month) removes a vital lifeline for the most vulnerable. Financial results. Image: Supplied. Lower income earners most severely affected. Here, the bank estimates the additional probability of default (over and above the base provision it makes when it lends) for clients who are employed in a specific industry. Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate. • On 30 July 2020, PSG Group shareholders approved the unbundling of an effective 30.5m shares (or 26.4% of the 30.7% interest held) in Capitec Bank Holdings Limited (“Capitec”), whereby significant value was unlocked for PSG Group shareholders. Annual results for the year ended – 31 March 2010. Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on: Tel: +27 (0)21 7004800 3 MB. These cookies are necessary for the website to function and cannot be switched off in our systems. Date. Fourie says when one looks at the 2.2 million people who lost their jobs in the second quarter (announced by Stats SA on Tuesday), many of those are casual and contract workers. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). It extended rescheduled payment plans on a further R2 billion in balances. As the world continues to face challenges in dealing with the Coronavirus (COVID-19) pandemic, we are taking steps to provide some safety measures to our clients and staff. The financial results for the half year ended on 31 August 2020 are expected to be published on 30 September 2020. One of the biggest challenges facing South Africa “is how do you close this gap,” he says. Ask the agri labor brokers, The only light is fruit industry, if the export logistics at Transnet can keep up. As soon as the situation changes, we will advise you, our valuable clients accordingly. 18 August 2020. The economic impact is nowhere near accounted yet, Ask the glass bottle manufacturing industry about stock and forecasts for XMas 2020. All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. COVID-19 % COVID-19. SANLAM CORPORATE. Email: support@sharenet.co.za. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. At the upper end – think its 3.8 million “quality bank clients” who have a stable income – there has been very limited impact. results presentation Shareholders are reminded that Capitec will be hosting a virtual presentation at 08:00 am SAST on Tuesday, 14 April 2020 to present the results to investors. Interim Financial Results Financial Results Results Presentation Slides Results Presentation Webcast. Moneyweb requires cookies to function properly. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires. This sector comprises 45% of its loan book and is clearly the best performing, with the additional probability of default forecast only at 2% as at August. On the whole, advances decreased by nearly two thirds (64%) compared to the six months ended February. The unbundled Capitec value per PSG Group share is based on the unbundling ratio of 14 Capitec shares for every 100 PSG Group shares held. Share information ... 2020 Notice and Proxy of the Annual General Meeting and Summarised Consolidated Annual Financial Statements for the year ended 30 June 2020. Looking ahead, some risks remain. Summary audited results 2020. PSG Group’s 12-month average discount was 25.9% prior to the Capitec unbundling announcement. Capitec Bank, South Africa’s fastest growing retail bank, wants 10 exceptional people to join our Graduate Development Programme (GDP) at our head office in Stellenbosch, Western Cape. For example, client transaction volumes at home improvement stores have been higher than March since May. 2019 Financial Results Download. The unbundled Capitec shares at market value on such date represented R132.37 per PSG Group share. These reserves are from monthly contributions that workers make. A huge bunch of businesses are not going to bounce back, ever. South Africa’s best source of news, opinion, and analysis from the business sector and political economy. Because it dries up instantly in a few weeks time. From our Annual and Sustainability report and financial results, to our Reserves & Resources and quarterly production reports, you can find all of this information in this section. 31 March 2020 FULL YEAR RESULTS PRESENTATION. This equates to a R1 billion turnaround in the second quarter. He said these loans were granted three weeks before the national lockdown began. I was under the impression that part of the R500Bn comes from UIF reserves. Event. No: 1980/003695/06 Retail banking generated headline earnings of R701 million, while business banking made a loss of R47 million. We thank you for your understanding. Currency trading on margin involves high risk, and is not suitable for all investors. Therefore Sharenet doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Monday 23 Mar 2020.
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