{"id":781619,"date":"2024-07-10T09:00:00","date_gmt":"2024-07-10T07:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=781619"},"modified":"2024-07-10T09:05:56","modified_gmt":"2024-07-10T07:05:56","slug":"business-talk-capitec-bank-ceo-gerrie-fourie-unpacks-the-banks-impressive-growth-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/781619\/business-talk-capitec-bank-ceo-gerrie-fourie-unpacks-the-banks-impressive-growth-in-south-africa\/","title":{"rendered":"Business Talk \u2013 Capitec Bank CEO Gerrie Fourie unpacks the bank\u2019s impressive growth in South Africa"},"content":{"rendered":"\n<p>In this Business Talk with Michael Avery interview, Capitec Bank CEO Gerrie Fourie discusses his journey to becoming the company\u2019s chief executive.<\/p>\n\n\n\n<p>Fourie is one of the most respected business leaders and banking executives in South Africa.<\/p>\n\n\n\n<p>He started his career at the Stellenbosch Farmers Winery in the financial planning division, which was followed by five years managing the winery\u2019s sales, marketing, production, and distribution.<\/p>\n\n\n\n<p>In 2000, Michiel Le Roux approached Fourie to start Capitec Bank, and he served as chief operating officer until he took the reins as CEO on 1 January 2014.<\/p>\n\n\n\n<p>Under Fourie\u2019s leadership, Capitec Bank has shown exceptional growth and has become the largest bank in South Africa \u2013 with over 22 million clients.<\/p>\n\n\n\n<p>In 2018, Capitec Bank was also named the Best Bank in the World in the Lafferty Bank Ratings, ahead of giants like HSBC, Deutsche Bank, Goldman Sachs, and JPMorgan Chase.<\/p>\n\n\n\n<p>Fourie was named the 2019 Business Leader of the Year at the Sunday Times Top 100 Companies Awards, too, thanks to his excellent works as CEO.<\/p>\n\n\n\n<p>In the same year, he oversaw Capitec Bank\u2019s acquisition of Mercantile Bank in a R3.56-billion deal.<\/p>\n\n\n\n<p>Fourie continues to lead Capitec Bank, reinforcing its position as South Africa\u2019s largest bank.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The interview<\/h3>\n\n\n\n<p>Fourie begins the interview by outlining his favourite experiences and milestones across his 24-year Capitec Bank journey.<\/p>\n\n\n\n<p>He then unpacks the earnings and client growth numbers Capitec Bank reported earlier this year and explains the reasons the bank continues to be successful.<\/p>\n\n\n\n<p>Fourie also explains his vision for Capitec Bank for the next five years, revealing several strategic initiatives he is extremely excited about.<\/p>\n\n\n\n<p>He outlines the biggest challenges the bank is facing in the South African market and how Capitec Bank is navigating these obstacles.<\/p>\n\n\n\n<p>Fourie concludes the interview by offering advice to young professionals who aspire to have a similar career trajectory to him in the banking sector.<\/p>\n\n\n\n<p>Watch the interview with Gerrie Fourie below.<\/p>\n\n\n\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/FAJhpAELBB4?si=JBNiGaj5V5yn_5im\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen=\"\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gerrie Fourie was appointed as Capitec Bank\u2019s CEO in 2014 and has been instrumental in the enormous growth the bank has enjoyed.<\/p>\n","protected":false},"author":10,"featured_media":781785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[19585,2002,151,20195],"class_list":["post-781619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-business-talk-with-michael-avery","tag-capitec-bank","tag-ceo","tag-gerrie-fourie"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/781619","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=781619"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/781619\/revisions"}],"predecessor-version":[{"id":781786,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/781619\/revisions\/781786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/781785"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=781619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=781619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=781619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}