Take a peek inside 'Boland Bankers Behaving Badly', which is now available at Takealot and other book retailers. The book tells the full, unedited story behind the rise of Capitec Bank, and it predicts what its downfall is likely to be. 1/8takealot.com/boland-bankers… page 23 | Wiese’s grin widened as he leaned in, his voice smooth but carrying a sharp edge. “Capital will never be a problem again,” he said, his hand dropping lightly onto Le Roux’s arm. Wiese’s slightly curled fingers lingered as though staking a claim. Then he lifted his hand swiftly - his fingers hung in the air, along with the words: “Capital will never be a problem again.” He repeated it for emphasis. The words hung in the space between them, not as reassurance but as a declaration of dominance, and Le Roux’s unease deepened.
Pressing back into the chair, Le Roux extended his arms forward, fingers interlocked, palms outward. At the moment, it felt pointless explaining to Wiese that banking was about people, handshakes, trust, and helping a family have a home. A knot formed in Le Roux’s stomach, his foot shifting restlessly beneath the table. He couldn’t shake the feeling that Wiese’s vision for Boland Bank was steering it away from what it could and should stand for. | 2/8

Total Mark-Cap #JSE Banks & their 12-month price change
Firstrand R336.34bn +57,17%
Standard Bank R233.5bn +29,09%
Capitec Bank R215.8bn +114,44%
ABSA Grp R130.88bn +98,25%
Nedbank R90.34bn +69,07%
Investec Plc R41.1bn +80,62%
Investec Ltd R18.6bn +79,7%
Finbond R1.1bn -23,7% 2/ Pre-2008 a # of global banks were trading at metrics of 2x price-to-book. That consolidated down to a more acceptable discount of between 0,5-0.8x P/B. Secured & higher quality books commanding a smaller discount & occasionally a rating close to or at a slight premium to book.