'Another Steinhoff Saga?' – SA Reacts To Capitec News

Capitec's share price over the past 6 months. Falling today in high volumes post Viceroy report. pic.twitter.com/qmimBcTL6a

— Renee Bonorchis (@Reneebon) January 30, 2018

We have taken note of the Viceroy report on Capitec Bank. We are currently in the process of investigating the report in detail and will respond appropriately.

— Capitec Bank (@CapitecBankSA) January 30, 2018

Worried now. Should we withdraw our money?

— 💖 (@This_is_Zands) January 30, 2018

Are we going to see another #Steinhoff saga? Is our money safe? That should be the point of departure maqabane imali zethu kuqala

— Veve (@LudidiVelani) January 30, 2018

If Capitec collapse alot of people will suffer bcz the so called old big players cant give us what we want in the name of affordability while you know you can afford to pay them back.

— Donald (@ddmhlanga1) January 30, 2018

You have been very good since I joined you your charges are very good the big four are starting to feel your presence.

— Lenin Sikhau (@LSikhau) January 30, 2018

Don't worry @CapitecBankSA that's what they do please clear your name ASAP I will remain "Capitecor" no doubt about it and there's no one even competing with Capitec. So I put my money where my mouth is and my money is on Capitec. Back your boy Capitec come on.

— SOWETAN (@nkutha1) January 30, 2018

Or gives out insecure loans which is essentially what led to economic crisis. Capitec is heading for liquidation without intervention. It's a corporate fraud.

— Andreu (@zebalon_CULE) January 30, 2018

Your smear campaign about Capitec will not stand in South Africa. This time keep your research in US amd for the US people, we In South Africa love #Capitec that is why they have been winning awards the past two years.#Capitec#Smearcampaign

— Shalom Nchabeleng (@mmashalo) January 30, 2018

After reading the report on #Capitec I can safely tell you that users have nothing to worry about. That report even though exposes capitec it is also made to destroy it.

The only reason why they want to destroy capitec is because it is out performing the old banks. Mona fela!!

— ZacIssaSavage (@Isaac_Moselane) January 30, 2018

Viceroy believes #Capitec loan books are massively overstated.

"A write-off of R11bn would more accurately represent the delinquencies and risk in Capitec's portfolio." #eNCA#Capitec

— Heidi Giokos (@Heidigiokos) January 30, 2018

The only Viceroy I recognize. #Capitecpic.twitter.com/88fZ78sVsA

— shithole country man (@dumigwebu) January 30, 2018

Viceroy report is littered with "Viceroy believes" "assumption" "estimate" "appears to" "point towards" "must be" and so on. Not a piece of research credible enough to drive down a company's share price by 25%. #Capitec

— Karin Richards (@Richards_Karin) January 30, 2018

Is it a coincidence that Capitec's share price was down 8% yesterday (before the Viceroy report)? Me thinks not. And they say insider trading is a fallacy né. Again, the JSE is caught sleeping 😴😴😴💤💤 #Capitec#Viceroy

— Ray Mahlaka (@RayMahlaka) January 30, 2018

Capitec being under fire for being an undercover loan shark. This bank scandals keep on coming.#Capitec

— The Gifted (@DebbieBloodmoon) January 30, 2018