Capitec under siege

• Capitec is facing intensified competition in the coming years due to the launch of banks by at least three major businesses. The new banks, launched by Old Mutual, Shoprite Holdings, and Pepkor Holdings, target the low-end and up-and-coming middle-income market, which is currently dominated by Capitec.
• The new banks, launched by Old Mutual, Shoprite Holdings, and Pepkor Holdings, target the low-end and up-and-coming middle-income market, which is currently dominated by Capitec.
• The launch of these new banks is expected to impact Capitec's market share and potentially affect its financial performance in the coming years.