Capitec Ups Provisions as It Braces for Inflation, Rate Pressure
Capitec Bank Holdings Ltd. reported record first-half profits and dividends. The growth was driven by increased fee and commission income as the bank's client base reached 26.6 million.
Capitec Ltd. is bracing for a tougher operating environment as the Iran war stokes inflationary pressures and weighs on the confidence of clients at South Africa’s biggest lender by customers.
READ NEXT
More on the wire
AI TLDR
Texas Attorney General Ken Paxton reportedly admitted that GOP polling numbers declined following a convention in Dallas. Paxton is currently campaigning against Democrat James Talarico.
AI TLDR
The WNBA playoffs continue as the Indiana Fever force a Game 3 and the New York Liberty advance after defeating the Minnesota Lynx.
AI TLDR
A Brookings report suggests that the Biden administration's border policies have contributed to higher rents, suppressed wages, and increased pressure on public school and emergency room resources.