$JSECPI #Capitec is one #JSE share #TheDawieSetup has ID'd years ago already as one of THE biggest disasters in waiting. Seems it never before had a negative MACD on Monthly, but with the indicator now looking down on this chart, quite a serious correction is probably slated in.
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Apr 22
Some worthy comparisons:
$JSECPI of Fwd 30 P/E
$JSEBLU just over 5 Fwd P/E ( used to command double)
$JSECCD just over 4,2 Fwd P/E
I still think the smart play here is for BLU to sell down CCD stake to 26% from 49,5% and for CPI to buy BLU ( 26% in CCD stake). Clear as chips the MVNO roadmap is leading to VAS / Fintech ops becoming the second largest profit contributor. Management will want to protect that MOAT IMO and taking BLU at a lower multiple to their biz while retaining the “ negative vote “ in CCD will be on their mind!
EE webinar tomorrow - $JSEBLU
DYOR
Apr 22
CAPITEC ( $JSECPI)
A good look through with Capitec Connect more than doubling its Net Income contribution to R442m. Capitec Connect runs on CellC s wholesale network.
Full FY2026 annual results deck (year ended February 2026).
Here’s the complete picture on Capitec Connect specifically:
Scale & Active Users
1.5 million clients active in the last 3 months, up 67% year-on-year. Data usage tripled — from 13.4 to 40.5 petabytes, up 202%. ✅
Voice
Free Connect-to-Connect calling launched as a new feature. 768 million minutes used, up 150%.✅
Pricing — passing savings back
Lower Connect data prices saved clients R330 million in the year. An additional R78 million worth of free data (3 petabytes) was given to clients. ✅
Total client savings across the whole bank attributed to Connect data and Capitec Rewards was R108 million.
Revenue contribution
VAS and Connect combined generated R6.1 billion, up 38% — and this segment now constitutes 26% of total group headline earnings of R16.8bn, making it the second-largest earnings contributor after Personal Banking (41%). ✅
Net transaction income including VAS and Connect reached R20 billion for the year, up 16%.✅
New product — Connect Devices
Launched in FY26: Apple and Samsung devices orderable via the app, delivered in 3 days, payments from R181/month with zero deposit, bundled with 12 months of free 5GB data. No network locking. ✅
Strategic positioning
On the forward-looking strategy slide, “Connect and Insure” is explicitly named in the Accelerate bucket — meaning management views it as a near-term growth driver, not a peripheral product.✅
Bottom line: Connect has moved beyond proof-of-concept. 1.5 million active MVNO subscribers, tripling data volumes, a device financing offering, and now 26% of group earnings coming from the Fintech (VAS Connect) segment.
The deliberate price-to-grow strategy — sacrificing ARPU for subscriber growth — is textbook for an MVNO using the banking relationship as the acquisition channel.
With CellC $JSECCD providing the wholesale vertical and Blue label Unlimited $JSEBLU providing the aggregator vertical ( processing majority of CPIs prepaid and large VAS transactions - this level of Growth ( as above) should be seen as a positive !
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Apr 22
CAPITEC ( $JSECPI)
A good look through with Capitec Connect more than doubling its Net Income contribution to R442m. Capitec Connect runs on CellC s wholesale network.
Full FY2026 annual results deck (year ended February 2026).
Here’s the complete picture on Capitec Connect specifically:
Scale & Active Users
1.5 million clients active in the last 3 months, up 67% year-on-year. Data usage tripled — from 13.4 to 40.5 petabytes, up 202%. ✅
Voice
Free Connect-to-Connect calling launched as a new feature. 768 million minutes used, up 150%.✅
Pricing — passing savings back
Lower Connect data prices saved clients R330 million in the year. An additional R78 million worth of free data (3 petabytes) was given to clients. ✅
Total client savings across the whole bank attributed to Connect data and Capitec Rewards was R108 million.
Revenue contribution
VAS and Connect combined generated R6.1 billion, up 38% — and this segment now constitutes 26% of total group headline earnings of R16.8bn, making it the second-largest earnings contributor after Personal Banking (41%). ✅
Net transaction income including VAS and Connect reached R20 billion for the year, up 16%.✅
New product — Connect Devices
Launched in FY26: Apple and Samsung devices orderable via the app, delivered in 3 days, payments from R181/month with zero deposit, bundled with 12 months of free 5GB data. No network locking. ✅
Strategic positioning
On the forward-looking strategy slide, “Connect and Insure” is explicitly named in the Accelerate bucket — meaning management views it as a near-term growth driver, not a peripheral product.✅
Bottom line: Connect has moved beyond proof-of-concept. 1.5 million active MVNO subscribers, tripling data volumes, a device financing offering, and now 26% of group earnings coming from the Fintech (VAS Connect) segment.
The deliberate price-to-grow strategy — sacrificing ARPU for subscriber growth — is textbook for an MVNO using the banking relationship as the acquisition channel.
With CellC $JSECCD providing the wholesale vertical and Blue label Unlimited $JSEBLU providing the aggregator vertical ( processing majority of CPIs prepaid and large VAS transactions - this level of Growth ( as above) should be seen as a positive !
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6,688
Capitec Bank $JSECPI raised to Overweight at JPMorgan; target price R5,407.42 (29% upside).
Last year the company did 35% including dividends. Average analyst price target R4,737.82 (13.2% upside).
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12 Oct 2025
12 Oct 2025
$NU CEO David Vélez on Norges Bank’s podcast
He shares how AI could transform banking, bringing personalised financial services straight to customers’ pockets and cutting across traditional banking verticals.
x.com/SanCompounding/status/…
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1,034
11 Oct 2025
My two cents on $JSECPI 🏦 and Diageo 🥃 for the FM.
9 Oct 2025
BROKERS’ NOTES:
Buy: Capitec
Sell: Diageo
Read more from Mark Tobin here:
businesslive.co.za/fm/money-…
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338
4 Oct 2025
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1,577
3 May 2025
After dropping more than 9% over 3 days, the JSE ALSI regained 12.3% to reach a new all time high.
The market bottomed on 4th of April. Here are the best performing shares since then:
Montauk $JSEMNK 27.9%
Sibanye Stillwater $JSESSW 27.6%
Capitec $JSECPI 27.1%
120 out of 125 shares were in the green. What a ride!
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28 Apr 2025
The rise of Capitec $JSECPI:
Capitec's net income attributable to shareholders' has increased more than 300 fold since listing in 2002.
Difficult to argue its share price outperformance when looking at this chart.
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23 Apr 2025
Snapshot of the day on the JSE:
We don't often see a share as big as Aspen $JSEAPN drop 30% in a day.
The market started well in the green but optimism fizzled out as the day went on. JSE ALSI ending the day marginally below 🍩%
Capitec $JSECPI remained strong on their results
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23 Apr 2025
Capitec $JSECPI running this morning on their strong results - coupled with some market optimism).
Share price jumped over 7%!
Highlights:
- Headline earnings R13.7 billion, 30% y/y
- FY DPS R65.10 versus R48.75 last year, 34% y/y (estimate R60.74)
- ROE 29% vs 26% last year (estimate 28.19%)
- Operating profit R17.74 billion, 32% y/y (estimate R17.8 billion)
- Credit impairment R8.26 billion, -5.4% y/y
- Capital adequacy ratio 38% vs 36.3% last year
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1,458
21 Apr 2025
For those interested in Capitec $JSECPI, here's an overview of what the market is expecting for their results on Wednesday (Bloomberg estimate).
21 Apr 2025
Capitec $JSECPI FY results expected on Wednesday, 23rd.
Market will be looking for continued top-line growth and the high profitability we saw in H1 (interim ROE: 29%).
Also looking for any insight into its multiple initiatives (business banking, insurance and funeral finance).
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849
21 Apr 2025
Capitec's $JSECPI results should give us good insight as to how the South African market has performing over the last couple of months.
Company has done exceptionally well over the years and its results show it.
Are you holding Capitec shares?
45%
Yes
48%
No
6%
Recently sold
31 votes • Final results
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21 Apr 2025
Like most other companies, Capitec $JSECPI has almost fully recovered from the drop-off at the being of April.
Just sitting marginally below its recent March peak.
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21 Apr 2025
Capitec $JSECPI FY results expected on Wednesday, 23rd.
Market will be looking for continued top-line growth and the high profitability we saw in H1 (interim ROE: 29%).
Also looking for any insight into its multiple initiatives (business banking, insurance and funeral finance).
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