After 3x share price jump in two years, Capitec needed to produce a stellar FY22. It delivered.

SA's exponentially expanding bank today released audited results and the annual report just six weeks after its February yearend. This is a discipline CEO Gerrie Fourie says helps his team get the investor-related compliance done early into the new financial year, allowing them to get back to what they love - actually running the business. In this podcast, Fourie shares the back story to Capitec's continued growth, highlighted by a 16% bottom line improvement since before Covid, a rare achievement for a major SA company. Among the surprises is a new notes-swapping engagement on customer-centricity with global icon Amazon.com. Although they're supposedly in different sectors, Fourie reckons these two businesses have much in common through a joint obsession for putting customers at the centre of their worlds; the use of Big Data; and the way both apply AI and Machine Learning. He says Capitec has learnt a lot from Amazon, and vice versa. Plenty more in Fourie's fascinating discourse with BizNews editor Alec Hogg. Plus a future outlook sure to satisfy its delighted shareholders who have enjoyed an almost 3x share price surge in the share price - from 2020's R850 a share to the current to R2 300. Learn more about your ad choices. Visit megaphone.fm/adchoices