{"id":222061,"date":"2018-01-30T15:30:18","date_gmt":"2018-01-30T13:30:18","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=222061"},"modified":"2018-01-30T15:30:18","modified_gmt":"2018-01-30T13:30:18","slug":"capitec-meets-prudential-requirements","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/222061\/capitec-meets-prudential-requirements\/","title":{"rendered":"Capitec meets prudential requirements"},"content":{"rendered":"

The South African Reserve Bank (SARB) has noted the Capitec report which was released by US based company Viceroy Research.<\/p>\n

The company released a report on Capitec stating that the bank is operating as a loan shark.<\/p>\n

\u201cBased on our research and due diligence, we believe that Capitec is a loan shark with massively understated defaults masquerading as a community microfinance provider,\u201d the report said.<\/p>\n

Futhermore, the report called on SARB and the Finance Minister to place Capitec under curatorship.<\/p>\n

SARB said as part of its mandate, it monitors the safety and soundness of all banks, including Capitec Bank Limited (Capitec).<\/p>\n

\u201cAccording to all the information available, Capitec is solvent, well capitalised and has adequate liquidity. The bank meets all prudential requirements,\u201d SARB said on Tuesday.<\/p>\n

\n

Read: Viceroy Research targets Capitec Bank over lending practices<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The South African Reserve Bank (SARB) has noted the Capitec report which was released by US based company Viceroy Research.<\/p>\n","protected":false},"author":33,"featured_media":7994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798,26],"class_list":["post-222061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/222061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=222061"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/222061\/revisions"}],"predecessor-version":[{"id":222065,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/222061\/revisions\/222065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7994"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=222061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=222061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=222061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}