Tag: market expansion

South Africa's connectivity landscape tells a tale of two realities. In affluent suburbs, gigabit fibre connections are becoming commonplace. These enable seamless remote work, streaming and digital entrepreneurship. Meanwhile, in townships and informal settlements, home to millions of South Africans, residents struggle with expensive and unreliable mobile data as their primary internet access.

Capitec reports 36% growth in its financial results for the six months ended 31 August 2024, driving headline earnings to R6.4 billion. The nation’s leading retail bank – now with 23 million clients – says its strategic focus and continued investment in digital transformation since 2020, product diversification, and client-centric solutions continue to yield impressive results, positioning it as a trailblazer in South Africa's financial services sector.