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David Shapiro assesses Capitec's "perfect" £300m UK banking prospect

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The fall from grace of Metrobank, the first UK high street banking group in over 150 years, opens a big potential opportunity for Capitec, South Africa's R150bn banking upstart. The Capitec executives have made no secret of their admiration for the operational excellent and management of their UK lookalike. As a result, they stayed away from even considering entering that offshore market. But with Metrobank's share price having collapsed from £40 to under £2, rumours of a takeover has been surfacing. SA's favourite market commentator David Shapiro offers his perspectives on whether Metrobank would be a suitable target for the Stellenbosch team. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices

25 Sep 2019 11AM English South Africa Investing · Business News

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