Capitec Bank Holdings Ltd (OTCPK:CKHGY)
$ 84.072 0.242 (0.29%) Market Cap: 19.42 Bil Enterprise Value: 17.88 Bil PE Ratio: 29.16 PB Ratio: 7.86 GF Score: 88/100
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Q4 2020 Capitec Bank Holdings Ltd Earnings Call Transcript

Apr 14, 2020 / 06:00AM GMT
Release Date Price: $26.08
Gerhardus Metselaar Fourie
Capitec Bank Holdings Limited - CEO & Executive Director

Good morning, ladies and gentlemen. It's great privilege to bring to you the Capitec results. I think it's in extraordinary times and all COVID-19 situation, I think, it's quite scary to think that 1.2 billion people have actually been lockdown. As you know, in South Africa, we completely lockdown, but that gives us a lot of opportunities. I think if I look at the results of Capitec, we now have got 13.9 million clients. We've gone through April through 14 million. So now we had 14 million clients. We've 6.7 million digital clients making use of digital. And I think the one other big announcement was actually that we've sold over 1 million funeral policies.

However, if I go back to COVID and that's what I'm going to discuss is, actually, if you look at COVID, I think what is going to force us is to think completely differently. Einstein has said, "You can't solve a problem with the same thoughts that you've created a problem." So I think we need to think completely different. We need to go out and say the

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