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Capitec's share price dives after interim results despite CEO's cautiously optimistic tone

3 Oct 2022

Capitec's share price took a tumble on Thursday, 29 September, after the announcement of Capitec's interim dividend, despite a 16.7% increase in dividend...

Source: Capitec.

After the interim results announcement, the share price plunged 10% to close at R1,615.14 and then fell another 4% to close at R1,553. Shareholders have taken a 33.29% hit in the past six months.

Domestic and global uncertainty, caused by Russia’s war in Ukraine, rolling blackouts and flooding in KwaZulu-Natal, have added to an already uncertain economic environment, which further eroded consumer confidence and added significant strain.

Read the original article on Daily Maverick.

Source: Daily Maverick

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