South Africa's Treasury Says Report on Capitec Bank is 'Reckless'
The South African National Treasury has issued a statement saying that Viceroy, a U.S.-based firm, was "trading [short selling] in Capitec shares ahead of the release of its report, and stood to benefit substantially from forcing the Capitec share price to fall by publishing its speculative report about the bank". Viceroy earlier released a report in which it accused Capitec Bank of operating as loan sharks.
GCIS, 2 February 2018
The National Treasury notes the reckless manner in which Viceroy, a US-based trader/research firm, released its report on Capitec bank earlier in the week. Viceroy is not regulated… Read more »
Capitec Bank ATMs (file photo)
South Africa: Capitec Bank Responds to Viceroy Report
JSE Sens, 30 January 2018
We refer to the earlier announcement on SENS today advising shareholders of concerns about the integrity of a report by Viceroy Research on Capitec and advising shareholders that… Read more »
Capitec Bank, 30 January 2018
Capitec received a copy of the Viceroy research report on Capitec at 10 am this morning. Read more »
South Africa: Press Statement From SA Reserve Bank on Capitec Bank
SARB, 30 January 2018
The South African Reserve Bank (SARB) notes a report by a US based fund manager. Read more »
South Africa: Explainer - Why Capitec Bank Is in the Hot Seat
Daily Maverick, 30 January 2018
On Tuesday morning, a financial research group called Viceroy released a report looking into the business model and practices of South African lender Capitec. It is damning in the… Read more »
South African rands - bank notes and coins.