Sarb comes to defence of Capitec after ‘loan shark’ claim
US research firm takes aim at South African lender
The South African Reserve Bank has come to the defence of one of the nation’s banks, after it came under attack by US research firm Viceroy.
In a statement released on January 30, the Sarb said Capitec was “solvent, well capitalised and has adequate liquidity”. The regulator said the bank also met all prudential requirements.
The central bank’s statement comes in response to Viceroy’s latest report, which claims the lender overstates its financial assets and income – something the bank has
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