{
  "id": 5276914,
  "title": "Capitec’s $33.8 billion business joins A2X as it expands beyond banking",
  "url": "https://urgent.news/2026/09/03/capitecs-33-8-billion-business-joins-a2x-as-it-expands-beyond-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T07:31:38.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/09/03/capitecs-33-8-billion-business-joins-a2x/"
  },
  "original_language": "en",
  "account": "Capitec, South Africa's largest digital bank, is set to list its shares on A2X Markets, a tech-driven alternative stock exchange, following approval for a secondary listing. The company, which began as a lender 25 years ago, has grown into a R540 billion ($33.8 billion) business serving over 26 million active clients. Capitec will continue to list on the Johannesburg Stock Exchange (JSE) as its primary listing. The move aims to provide investors with another venue to trade Capitec's shares and enhance liquidity, as the lender evolves beyond traditional banking into a digital platform encompassing payments, connectivity, devices, insurance, and financial services. A2X CEO Kevin Brady highlighted the role of technology in the secondary listing, stating that A2X's technology offers lower fees and improved efficiency through features like Auction on Demand and Market at Close. Capitec Connect, its MVNO, has grown to 1.5 million active clients, generating R6.1 billion ($377 million) in value-added services in the year ended February 2026. The secondary listing on A2X is expected to broaden investor access to Capitec's ordinary shares and support liquidity, joining other South African lenders such as Absa, Nedbank, Standard Bank, and Investec with existing secondary listings on A2X.",
  "summary": "It also comes as Capitec evolves beyond traditional banking into a digital platform spanning payments, connectivity, devices, insurance and financial services.",
  "key_points": [
    "Capitec, South Africa's largest digital bank, lists shares on A2X Markets.",
    "Company grows to R540 billion ($33.8 billion) serving 26 million clients.",
    "A2X CEO Kevin Brady emphasizes technology's role in lower fees and efficiency."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}