What Analysts Are Saying About Viceroy's Report on Capitec Bank

Capitec CEO Says Viceroy Report ‘Very Inaccurate’

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By Thembisile Dzonzi, Neo Khanyile, and Renee Bonorchis

January 30, 2018 at 10:16 AM UTC

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Shares of Capitec Bank Holdings Ltd. plunged by a record 25 percent in Johannesburg Tuesday after short-seller Viceroy Research said the lender may be concealing losses by refinancing loans that customers were unable to repay.