Capitec adds A2X listing as market value hits R532 billion
South Africa’s biggest retail bank is joining the A2X as a secondary listing, giving investors another platform to trade its shares.
South Africa's leading retail bank, Capitec, is set to expand its market reach next week by adding a secondary listing on A2X Markets. Currently valued at R532 billion on the JSE, the addition of a secondary trading venue aims to enhance investor access and support liquidity. Capitec CFO Grant Hardy emphasized that this move aligns with the company's commitment to maximizing shareholder value by providing an additional trading platform.
A2X, a licensed stock exchange founded in 2017, currently hosts over 160 securities and instruments, offering investors an extra platform to trade shares. With its primary listing on the JSE remaining unchanged, Capitec's issued share capital will stay the same. The bank's inclusion among other prominent South African banking groups with A2X listings, such as Absa, Investec, Nedbank, and Standard Bank, underscores the growing diversity and depth of the A2X market.
Capitec's recent financial performance has been impressive, with a 23% increase in headline earnings to R16.8 billion for the year ending February 2026, and return on equity reaching 31%. The bank now boasts assets totaling R263.3 billion and employs 17,672 people across 885 branches, serving a client base of more than 26 million, a 19% increase in banking app users.
Written by urgent.news from IOL's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
