[11] As of February 2017 "the majority, more than 5.5 million, of Capitec clients pay[ed] less than R50 per month in bank costs.” Capitec reported a 35% rise in its first half headline earnings per share to 702 cents. Speaking at the group's AGM, Capitec Bank CEO Riaan Stassen, cited its "no frills" banking approach that puts its clients in control as well as an aggressive transparent pricing approach, as being among the core reasons for the on-going growth. So why do I believe that Capitec Bank is winning because of a strong, binding sense of purpose? "Unsecured lending is seen as a swear word," he said. ALEC HOGG: In this Biznews special podcast, Gerrie Fourie the new Chief Executive of Capitec Bank is with us in the studio. The group’s decision to dish out huge unsecured loans for longer periods, at a time when bad debt is breaking through new levels, has raised eyebrows among experts. “Riaan played an integral role in the establishment and success of the bank from 2001 to 2013 when he retired as chief executive officer of Capitec and Capitec Bank,” the company said in a statement. Capitec is one. South Africa bank Capitec Bank was launched in 2001 on an extremely competitive market with well-established competitors. by Bill3 Sat Jan 24, 2009 4:13 pm Hello and welcome here, you came away clean, unfortunately that's not always the case. After all, I’ve never met Michiel Le Roux, Riaan Stassen or Gerrie Fourie? CAPITEC Bank CEO Riaan Stassen is a drummer, and his bank has played a tune that attracted many customers in recent years. Capitec Bank, established in 2001, is currently South Africa’s second biggest retail bank, with more than 10 million customers and over 13 000 employees across its various branches. Capitec Bank CEO Riaan Stassen is a drummer, and his bank has played a tune that attracted many customers in recent years. A short history of the owner… that lead to this position of madness. Capitec Bank group. Capitec Bank CEO Riaan Stassen is a drummer, and his bank has played a tune that attracted many customers in recent years. Capitec CEO Riaan Stassen took home a salary of R9.605 million, and with a relatively small bonus of R965,000, he amassed R10.8 million in 2013, from R10.52 million in 2012.. Capitec. Re: Riaan Stassen/Capitec Bank/Next of Kin Scam. View Riaan Stassen's business profile at Capitec Bank. Capitec’s Purpose. Capitec Bank has emerged as the best bank in the world by International banking advisory group Lafferty in its inaugural Bank Quality Rankings. However today Gerrie Fourie is the CEO of the business. Last week he announced his retirement as chairman of Capitec, leaving the bank he helped found only 18 years ago with one of the highest market valuations (on a price-to-book basis) in the world. Previous positions include head of operations of Boland PKS (1995 – 1997), operations director of Distillers (1992 – 1995) Stassen told me he got the idea of Capitec after being recruited into the disaster that was the old Boland Bank. Capitec Bank, established in 2001, is currently South Africa’s second biggest retail bank, with more than 10 million customers and over 13 000 employees across its various branches. Riaan Stassen, the co-founder of Capitec Bank, has decided to retire. Riaan Stassen (49) BComm (Hons), CA(SA) Managing director Mr Stassen was managing director of Boland PKS (1997 – 2000), a division of BoE Bank Limited. Capitec Bank Holdings Ltd., South Africa’s second-largest provider of unsecured loans, said Gerrie Fourie will become chief executive officer when Riaan Stassen retires at the end of the year. Capitec CEO Riaan Stassen brought in a R17.089 million salaray in the bank’s last financial year. The founders of Capitec Bank is Michiel Le Roux and Riaan Stassen. There aren't many ten-baggers on the SA stock market but Capitec is one of those feisty little bets that paid off, big-time. We caught up with chairperson Riaan Stassen ahead of his last week at the bank … But is the music coming to an end? The org chart of Capitec Bank contains its 39 main executives including Gerrie Fourie, André Pierre du Plessis and Hendrik Lourens. Riaan is the son of a professional educator, who appears to have placed enough emphasis on his childhood development, to nurture a pioneering and creative entrepreneur.To him, life’s challenge is creating the extraordinary, which in the wine industry, can be a moving target. Capitec co-founder and chair Riaan Stassen to retireCurro Holdings and Famous Brands chair Santie Botha will take over from June 1 Nigeria to face Zimbabwe, Senegal in Africa Cup warm-ups The Super Eagles, runners up in the competition in 2018, will host the Warriors on 8 June in Asaba before facing the continent’s top side Senegal in Egypt eight days later. He will no longer be involved in the running of the company but will remain a major shareholder. But is the music coming to an end? Riaan Stassen, CEO of Capitec Bank, is "frustrated" that people do not understand the evolution of South Africa's financial sector. Capitec Bank Holdings, South Africa's second-largest provider of unsecured loans, said Gerrie Fourie will become chief executive officer when Riaan Stassen retires at the end of the year. Capitec CE Riaan Stassen loves the thrills of racing - whether it's in business or satisfying his personal interests. I say ‘new’. CAPITEC BANK HOLDINGS AND CAPITEC BANK MANAGEMENT COMMITTEE Riaan Stassen (50) BComm (Hons), CA(SA) Chief executive officer André Pierre du Plessis (42) BComm (Hons), CA(SA) Financial director Carl Gustav Fischer (47) BComm (Hons), MBA Chief executive – Capitec services Carl was chief executive for marketing and support services His boss Michiel le Roux was tapped by entrepreneur Christo Wiese to run his newly acquired bank and asked Stassen to join him. He strives to ensure that Capitec is innovative as a brand and a business or company. Capitec Bank, South Africa’s fastest growing retail bank for individuals, ... Key reasons cited by CEO Riaan Stassen for the redesign are common questions asked by consumers about outdated trading behaviours in the banking industry. Stassen served as CEO from 2001 to 2013 and then non-executive chair from 2016 until 31 May this year. A chartered accountant, he had been running logistics and distribution at liquor group Distell. When presenting the bank’s interim results to the end of August, outgoing chief executive Riaan Stassen said Capitec was feeling the effects of a slowing economy. In its strategy to position itself, Capitec Bank CEO Riaan Stassen revealed its new branch concept early in 2012; the concept is based on the bank… Capitec, the country’s fastest growing bank, recently announced that one of its founders and non-executive chairpersons Riaan Stassen will retire at the end of the month, ending a career that spanned more than 18 years with the lender. Andrew McNulty looks behind the successful model, what makes its CEO tick, how it is tapping into the mass market and whether it can sustain the momentum. The boards of Capitec and Capitec Bank have announced that Capitec Bank founder Riaan Stassen has decided to retire on 31 May.. Riaan played an integral role in the establishment and success of the bank from 2001 until 2013, when he retired as CEO of Capitec and Capitec Bank. Well…., the evidence is out there in every interview, in every shareholder report and every article written about them, and it has not altered much for over 14 years. You took over in January? DURBAN – Capitec, the country’s fastest growing bank, yesterday announced that one of its founders and non-executive chairpersons Riaan Stassen will retire at the end of the month, ending a career that spanned more than 18 years with the lender. The group’s decision to dish out huge unsecured loans for longer periods, at a time … Riaan Stassen (pictured), one of the founders of Capitec Bank, has decided to retire at the end of May 2019, the South Africa-based commercial bank announced on Thursday. Stassen said, “In our view, there are seven points which the public are questioning their banks about. Riaan Stassen is surely one of SA’s most successful banking entrepreneurs. The group?s decision to dish out huge unsecured loans for longer periods, at a time when bad debt is breaking through new levels, has raised eyebrows among experts. Stassen said:, "South Africans are increasingly frustrated with the complexity of traditional banking. Santie Botha takes over from Capitec founder Riaan Stassen as non-executive director. But is the music coming to an end? Capitec Bank CEO Riaan Stassen is "embarrassed" at public reaction this week to his sale of R88.4-million worth of shares in the company. Hpwever the bank omly became noticeable in 2006.Due to its partnership wiyth PSG it then allowed the business to advance their operations. Meet the Team Riaan Stassen - Owner. Find contact's direct phone number, email address, work history, and more.