Capitec Set for Legal Battle Over Reckless Lending Charges

Updated on
  • Court papers to be filed early in June, Capitec CEO says
  • Fourie is ‘extremely worried’ about South African economy

Capitec Bank Holdings Ltd., South Africa’s biggest provider of unsecured loans, said it has lodged its opposition to reckless-lending charges filed by Summit Financial Partners and will submit responding court documents early next month.

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