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Capitec earnings warning spooks traders

Capitec earnings warning spooks investors - Capitec earnings warning spooks traders

Capitec Financial institution stated Friday (Three July), that it incurred a lack of R404 million for the quarter ended Could 2020, after the Covid-19 nationwide lockdown resulted in elevated credit score impairment prices and decrease mortgage gross sales and transaction volumes. The group’s share worth fell 7.5% in commerce on Monday, to R786.28, having surrendered 3% late on Friday. Capitec …

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