David Shapiro assesses Capitec's "perfect" £300m UK banking prospect

Loading player...
The fall from grace of Metrobank, the first UK high street banking group in over 150 years, opens a big potential opportunity for Capitec, South Africa's R150bn banking upstart. The Capitec executives have made no secret of their admiration for the operational excellent and management of their UK lookalike. As a result, they stayed away from even considering entering that offshore market. But with Metrobank's share price having collapsed from £40 to under £2, rumours of a takeover has been surfacing. SA's favourite market commentator David Shapiro offers his perspectives on whether Metrobank would be a suitable target for the Stellenbosch team. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices
25 Sep 2019 11AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak Fri 16 Jan: Trump’s Nobel “Medal”; Farmers boo Steenhuisen; ASML jumps

In this episode of BizNews Daybreak, Alec Hogg covers the intersection of high-stakes global politics and critical local challenges: Trump’s Nobel Moment: Venezuelan opposition leader Maria Corina Machado presents her Nobel Peace Prize medal to Donald Trump at the White House, calling him the “heir to Washington”. US-Taiwan Trade Deal:…
15 Jan 11PM 18 min

BN Daybreak Thurs 15 Jan: Abedian on SA Silence about “21st Century Nazis”; Mining Indaba's back story; Sasol Surges

In this morning's briefing, Alec Hogg unpacks a volatile geopolitical landscape where conflicting reports emerge from Iran—Donald Trump claims de-escalation while internal memos suggest mass casualties. We speak to Iranian-born and bred entrepreneur and former UCT Economics Prof Iraj Abedian, who delivers a scathing critique of the South African government's…
14 Jan 11PM 17 min