Industry News

Capitec to raise up to $275 mln via rights offer

September 26, 2012 Comments Off on Capitec to raise up to $275 mln via rights offer

September 26, 2012, 8:33 am

JOHANNESBURG (Reuters) – South African mass-market lender Capitec Bank aims to raise $275 million through a rights issue to boost lending and fund growth in its branch network, it said on Wednesday.
Capitec, which also reported a 35 percent surge first-half profit…

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