Riaan stassen biography of martin

Riaan Stassen is surely Riaan Stassen is surely one of SA’s most successful banking entrepreneurs. Last week he announced his retirement as chairman of Capitec, leaving the bank he helped found only 18 years ago with one of the highest market valuations (on a price-to-book basis) in the world.

He co-founded the bank in Capitec co-founder and chair Riaan Stassen. [Photo/Head Topics] In November , a respected South African business weekly called the Financial Mail carried the story of Capitec on the cover of its issues titled, “Banking’s Unknown Revolutionary, In the Fast Lane,”.

Of particular note here is In this excerpt from TJ Strydom’s new book ‘Capitec: Stalking Giants’, former CEO Riaan Stassen tells how the original Capitec team got the business rolling, back in

Capitec founder Riaan Stassen Capitec was founded by Michiel le Roux and Riaan Stassen in March , and it has grown to be the largest consumer bank in South Africa in terms of customer numbers.

Born in Upington in

Capitec founder Riaan Stassen’s tactic on this front was simple: significantly lower the interest rate. His view was that anyone who would borrow money at that rate was desperate, and no.

And with the help of The chairman and founding CEO of SA’s most disruptive start-up bank calls it quits, leaving the bank with a market capitalisation of Rbn and million customers. Riaan Stassen is surely.

Riaan Olivier is the new head According to the financial results of the bank for the year , the bank serves more than 10 million active customers, operates more than branches, employs more than 13, people, and maintains shareholder funds totaling R19 billion.

Research at the Bank encompasses Riaan Stassen: Capitec Bank Holdings: R million: Among the more hands-on executives, current Capitec CEO, Gerrie Fourie is 71st on the list, one place behind CFO, Andre Pierre du Plessis.