Capitec names Lee CEO as Fourie to retire

Moneyweb

Capitec Bank Holdings, South Africa’s largest lender by customers, appoints Graham Lee as CEO to succeed Gerrie Fourie, who led the bank’s growth to serve over 24 million clients. Lee, head of the retail unit, will take over on July 19. Capitec plans to expand into small and medium-sized businesses and insurance. The bank’s stock has been the best performer in South Africa since 1994.
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