Capitec Share Price CPI Powers Toward R5,000 on Solid FY26, Legal Win, Digital Expansion
Capitec’s share price continues to break new ground as strong FY26 earnings guidance, regulatory certainty and digital expansion reinforce..
Quick overview
- Capitec's strong FY26 earnings guidance indicates a projected increase in earnings per share by over 20%, reflecting robust growth in its loan book and banking segments.
- The bank's share price has reached a new record high of R4,673, supported by positive long-term technical indicators and ongoing operational progress.
- Capitec is undergoing a leadership transition while simultaneously expanding its Business Banking division and diversifying income sources through insurance and value-added services.
- The recent legal victory reinforces Capitec's disciplined credit management approach, enhancing investor confidence in its asset quality and governance.
Capitec’s share price continues to break new ground as strong FY26 earnings guidance, regulatory certainty and digital expansion reinforce investor confidence in the bank’s long-term growth story.
Earnings Momentum Drives Confidence
Capitec has once again impressed the market with robust earnings guidance for the financial year ending 28 February 2026. In a trading statement released on 11 February 2026, the bank signalled that earnings are expected to rise by more than 20% when full results are published in April.
Headline earnings per share (HEPS) are projected to increase by between 20% and 25%, reaching a range of 14,294 cents to 14,890 cents per share. Earnings per share are expected to rise within a similar range of 14,293 cents to 14,889 cents per share.
After delivering headline earnings of R13.739 billion in FY25 — already a 30% increase on the prior year — Capitec is now on track to generate between roughly R16.5 billion and R17.2 billion in FY26. The strong growth reflects continued loan book expansion and resilient demand across retail and business banking segments.
Share Price Momentum Remains Intact
Capitec’s operational progress continues to be reflected in its share price performance. After previously reaching an all-time high near R4,100, the stock briefly consolidated before resuming its upward trajectory.
CPIJ Chart Weekly – MAs Keeping the Price Supported
Shares have now surged to a fresh record high of R4,673, moving steadily toward the psychological R5,000 level. Long-term technical indicators remain supportive, with weekly moving averages trending higher, suggesting the broader uptrend remains firmly intact.
With strong earnings growth, disciplined credit management and strategic digital expansion, Capitec’s growth narrative appears to remain firmly on track.
Leadership Transition and Business Expansion
The past year marked a significant transition for South Africa’s largest bank by client numbers. Long-serving CEO and co-founder Gerrie Fourie retired, closing a foundational chapter in Capitec’s history.
At the same time, the bank accelerated its expansion strategy. Its Business Banking division has moved from a build phase into a growth phase, positioning Capitec to compete more aggressively in a new market segment. Insurance and value-added services have also been expanded, strengthening non-interest revenue streams and diversifying income sources.
Legal Victory Reinforces Credit Discipline
In January, Capitec secured a decisive legal win in the KwaZulu-Natal High Court involving an unpaid loan facility originally advanced by Mercantile Bank before its integration into Capitec.
The court ordered Mountain Meadow Investments (Pty) Ltd and its director, Jivesh Rajendran Pather, to repay more than R2.1 million plus interest and legal costs. The original R1.8 million loan, structured over 62 months, included a personal suretyship capped at R1.95 million.
The judgment reinforces Capitec’s disciplined approach to credit risk and sends a clear message that defaults will be pursued rigorously — an important signal for investors assessing asset quality and governance standards.
Strategic Push Into Digital Payments
Capitec has also strengthened its fintech footprint through the acquisition of Walletdoc Holdings in a deal valued at up to R400 million. The transaction includes R300 million upfront and a potential R100 million earn-out linked to performance milestones and Capitec’s share price over three years.
Founded in 2015, Walletdoc offers in-app payments, digital wallets, automated billing and instant EFT solutions. The acquisition aligns with Capitec’s strategy to lower transaction costs, expand digital access and deepen its presence in South Africa’s evolving payments ecosystem.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
- Read our latest reviews on: Avatrade, Exness, HFM and XM
Save