CAPITEC BANK HOLDINGS LIMITED - Capitec Bank HLd\Capitec Ltd -Appeal Against National Consumer Tribunal Judgement
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Capitec Bank HLd\Capitec Ltd -Appeal Against National Consumer Tribunal Judgement
Capitec Bank Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1999/025903/06
Registered bank controlling company
JSE share codes: CPI - ISIN : ZAE000035861
("Capitec")
Capitec Bank Limited
Incorporated in the Republic of South Africa
Registration No. 1980/003695/06
Company code: BICAP
(“Capitec Bank”)
APPEAL AGAINST NATIONAL CONSUMER TRIBUNAL JUDGEMENT
In the integrated reports for 2013 and 2014, mention was
made of a notice received from the National Credit
Regulator (“NCR”) alleging contraventions of the National
Credit Act.
On 27 May 2014 Capitec advised that the National Consumer
Tribunal had dismissed the NCR’s application against
Capitec Bank (“the NCT judgement”). Capitec Bank has now
received a notice of appeal lodged by the NCR against the
NCT judgement.
It remains impracticable to estimate the financial effect
of any possible outcome. Capitec is still of the view that
the matter will be satisfactorily resolved through due
process.
Stellenbosch
20 June 2014
Sponsor: PSG Capital (Pty) Limited
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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