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Capitec cracks African growth list

May 21 2014 16:10
Fin24
Cape Town - The World Economic Forum has named Capitec Bank as one of Africa’s 16 most dynamic Global Growth Companies (GGCs).

The other South African companies who were on the final nomination list this year, are Growthpoint Properties, Webber Wentzel, KZN Oils, Net1 UEPS Technologies and Tekkie Town.

Capitec was the only South African bank to make the list, which includes only six South African companies from various sectors.

This is the third major accolade to be bestowed on Capitec this year.

In the recent South African customer satisfaction index, Capitec set the overall banking benchmark at 81.5 out of 100 – a significant increase of 3.2 points from its 2012 rating.

The bank won a third accolade when it was also named winner of the Best Overall Transactional Bank with the Best Online/Mobile Bank offer in the 2014 Business Times Intellidex banking survey.

“We are very proud to be recognised for our pioneering business model and practices by such an esteemed global organisation as the World Economic Forum,” said Charl Nel, head of communications at Capitec Bank.

“We rate this achievement as highly as our inclusion in Credit Suisse’s ‘25 brands of tomorrow’ report four years ago.”

Companies on the World Economic Forum GGC list are considered by the forum as trailblazers, shapers and innovators that are committed to improving the state of the world and are nominated on the strength of their ability to become future global leaders.

The rest of the final list comprised of Nation Media Group (Kenya), Bidco Oil Refineries (Kenya), GML (Mauritius), Nagode Group (Nigeria), UAC of Nigeria (Nigeria), Computer Warehouse Group (Nigeria), Interswitch (Nigeria), Notore Chemical Industries (Nigeria), Seplat Petroleum Development Company (Nigeria) and Simba Group (Uganda).  

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capitec  |  africa  |  financial services

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