Gerrie is 49 and has been an executive member of the Capitec Bank management team since its inception in 2000. While the loan book will continue to decline, Capitec is "confident it will continue to grow its customer base" and increase transaction income, Stassen said in the interview. Fourie is responsible for the lender's sales and operations, Capitec said on Wednesday. These are the top stories on IOL Sport that engaged our readers last week. Director- Chris Otto . Stassen says his company stopped appointing staff from other banks years ago. Riaan Stassen: Sede de la 1 quantum Street, tecno parque, Stellenbosch, ... Sudáfrica: Personas clave Gerrie Fourie (DIRECTOR GENERAL) Productos: Préstamos, Banca de inversión, Ahorro, Inversiones, Tarjetas de débito, Tarjetas de crédito, Banca comercial: Servicios Financiamiento Total de activos: Capitec Bank Holdings, South Africa's second-largest provider of unsecured loans, said Gerrie Fourie will become chief executive officer when Riaan Stassen retires at the end of the year. SAA needs a CEO, Molefe and his band of train robbers were blatant sell-outsNot only were Transnet executives selling their souls to the highest bidder, they reversed the gains Mandela strove to achieve in redressing decades of apartheid. 48.9k Followers, 1,400 Following, 297 Posts - See Instagram photos and videos from Riaan Fourie (@riaanfourieza) Capitec Bank Owners, Capitec Bank is a South African retail bank. Employee. Stassen is seen by many as the mastermind behind Capitec’s growth in a difficult market. Supra allies out as Mokgoro makes sweeping changes in North WestNewsletter| North West premier Job Mokgoro has changed more than half of the provincial departments he inherited from his predecessor, Supra Mahumapelo, with the sixth administration seemingly placing sharper focus on education and finance by setumostone, Fortress wants FSCA to probe asset managers who made allegations against groupProperty company says the Financial Sector Conduct Authority must probe hedge funds and asset managers which 'attacked its shares'. Gerrie Fourie will succeed Mr Stassen, 60, on January 1, 2014. (source – Bruce Whitfield interviews Gerrie Fourie,2017). However, Stassen points out that 49-year-old Gerrie Fourie, who will become chief executive in January next year, has also been on the executive team since 2000. Find contact's direct phone number, email address, work history, and more. The bank maintains 500 retail branches nationwide, 3418 own or partnership ATMs and has over 6.2 million customers, according to the 2015 Chief Financial Officer's Report. BUILD-A-CABINET: Ramaphosa’s blindside: Patricia de Lille made Minister while DA cries foul playSome analysts predicted that President Cyril Ramaphosa would reach across the political divide and allocate at least one spot in his Cabinet to an opposition politician. The branch network and sales reported to Gerrie. Head Topics, publish breaking news of all around the world. The org chart of Capitec Bank contains its 39 main executives including Gerrie Fourie, André Pierre du Plessis and Hendrik Lourens. According to Gerrie Fourie, the current CEO of Capitec, 82% of Capitec’s 13,500 staff are under the age of 35. Riaan Stassen is surely one of SA’s most successful banking entrepreneurs. That's how Michael and Kylie Bornman view the dynamic in their furniture design studio, Kipekee. Boosting provisions Net income rose to R980.8-million for the six months through August from R710.8-million a year earlier, Capitec said. Pandemic vote: What will the local government elections look like? Riaan Stassen bows out after making huge success of Capitec, Together with Michiel le Roux, he launched what is now SA's fourth-largest bank at R2 a share. GERRIE FOURIE: Officially, from the 1 st of January, but Riaan (Stassen – his predecessor) always said you can’t have two bosses at the same premises, so I was actually already acting but Riaan was attending all the meetings and was there to assist me. – Bloomberg. Fourie’s pay was a bit higher than Stassen’s final take at R10.3 million, including share options. Gerhardus Metselaar Fourie is the current CEO, occupying that position since 2000. The Stellenbosch, South Africa-based bank said Fourie (49) will take over on January 1 from Stassen, who turned 60 this year. Although numbers have grown, labour unrest including wage strikes have been disruptive, according to Stassen, who said the number of clients who lost their jobs in the fiscal first half rose 9.5% from a year earlier. Chairman- Riaan Stassen . He did well indeed. This was sufficient to cover 88% of the bank’s expenses. Overview. Riaan Stassen (49) BComm (Hons), CA(SA) Managing director ... Gerhardus (Gerrie) Metselaar Fourie (39) BComm (Hons), MBA Chief executive – Sales Mr Fourie was area general manager of Stellenbosch Farmers’ Winery (1997 – 2000), focusing on distribution and sales. During the year to end-February, 44% of Capitec’s income came from transactions. He will no longer be involved in the running of the company but will remain a major shareholder. function loadDoc() {var xhttp = new XMLHttpRequest(); xhttp.onreadystatechange = function() { if (this.readyState == 4 && this.status == 200) { document.getElementById("pressoffice").innerHTML = this.responseText; }}; xhttp.open("GET", "https://mg.co.za/scripts/rss/pressofficeServer.php?menu=false&items=5&feed=http://pressoffice.mg.co.za/feed/rss2.php", true); xhttp.send();} loadDoc(); For all the latest information and advice from the Department of Health relating to Covid-19, please visit sacoronavirus.co.za. Riaan Stassen also states in his interview with Alec Hogg that the focus for Capitec is to ‘Grow its own trees’. headtopics.com. Fourie, who stepped out of his position as chief operating officer for 13 years to take over as CEO, is known internally as a person who “gets things done” with a can-do attitude. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription. Disruptive strikes Unlike African Bank, Capitec takes in customer deposits and is able to benefit from fees and commissions linked to clients’ transactions. Manager . 'The Lion's Share': how Disney made millions from a poor Zulu artist's songIt was estimated that US and SA record companies and Disney had made about $16m off a song that had come from Linda's recording, while the composer died penniless in 1962 - his family so poor they couldn't afford money for a proper tombstone. Capitec CEO Riaan Stassen is set to retire at the end of December, the group announced on Wednesday.. Director- Nohlanhla Mjoli-Mncube. please consider taking out a subscription, Amid the pandemic, green bonds are becoming trendy, Financial conduct body slaps Jooste with R162-million fine, Women are South Africa’s changemakers and they deserve more, Mabuyane targeted in Eastern Cape road debacle, LRA’s Ongwen: A critical first ICC conviction. Stassen, his successor Gerrie Fourie and business development head Andre Olivier share a secretary. Ann CrottyRiaan Stassen. Everything you need to know about South Africa’s options for holding municipal polls — and the dangers we face. South African mass-market lender Capitec Bank Holdings reported a 20 percent increase in first-half earnings on Wednesday and said its chief executive would retire at the end of this year. Having worked together in the liquor industry prior to entering the world of banking, it seemed fitting to Le Roux and Stassen that this I'll spare folks my response to some unfair digs + errors in the piece but can't ignore its biggest miss: This story isn't over and we hope our 3rd act revelations invite further investigation/ a just resolution at last! STEVEN FRIEDMAN: Media are making the extreme right parties appear more popularThe past few years have seen a rise in extremist parties, almost always on the right, in democracies around the world, writes Steven Friedman Lol. Stassen, one of the bank's founders, will be replaced by Gerrie Fourie, now in charge of Capitec's sales and operations. The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. He will continue to serve on the boards of Capitec as a nonexecutive director after his retirement. Riaan Stassen: Capitec Bank Holdings: R849 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. Capitec Bank Holdings, South Africa's second-largest provider of unsecured loans, said Gerrie Fourie will become chief executive officer when Riaan Stassen retires at the end of the year. “We had no contact with government during that period, now I’m being invited every week to engage with ministers or attend forums.”. He welcomed the Zondo and other commissions of inquiry, which he said were “healing SA and making clear state capture is not acceptable”. He strives to ensure that Capitec is innovative as a brand and a business or company. "Obviously he was iconic in that position and was the pioneering spirit behind the bank, so shareholders will be sad to see him go," said Craig Pheiffer, general manager of investment at Absa Asset Management Private Clients in Johannesburg. RIAAN STASSEN: Gerrie was one of the founding members with us. 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. The six-member FTSE/JSE Africa Banks Index gained 1.4%, bringing the year's advance to 5.1%. headtopics.com. Tshini le, ISS TODAY: What doesn’t break Boko Haram in Niger makes it strongerThe terror group’s differences over leadership style, war strategy and ideology seem to have increased its resilience. It has about 600 branches and a market capitalisation of R23-billion. CEO Gerrie Fourie told shareholders that by Friday morning the group’s client base stood at 12-million. Speaking after the release of the company’s interim earnings, chief executive Gerrie Fourie, whose company is adding workers while some peers are retrenching, said he was still optimistic about the country’s prospects, although the government needed to move faster to boost an economy that is being strangled by less than 1% growth and a 29% unemployment rate. Riaan has 1 job listed on their profile. They should be ashamed but then again...Disney doesn't care about poor Black folk. "Unsecured credit is here to stay. PSG is the single largest shareholder in Capitec with a 30.7% stake. They strive to ensure… It did not take long for DA leaders to start alleging funny business. Diluted earnings per share rose 21% to R8.38 and the dividend climbed 20% to R2.03. South Africa’s freshwater fish face extinction. "But his successor has been there since the start too.". Gerrie plans to focus on the continued delivery of friendly, simplified and pioneering banking, but with an even stronger focus on innovation to meet clients’ everyday needs: “Innovation is not just technology. Local headlines and stories are HeadTopics.com immediately. The founders of Capitec Bank is Michiel Le Roux and Riaan Stassen. Picture: TREVOR SAMSONCapitec’s annual general meeting (AGM) on Friday marked the end of an era for a bank that turned the local industry on its head in just 18 years.Riaan Stassen, who co-founded the micro-lender with Michiel le Roux in 2001, chaired his last AGM and will no longer be involved with the group. ", Capitec, which usually sells debt in November, is not planning further sales this year because of a rights issue last year that boosted capital, and also slower lending, Stassen said. Lasizwe's fictional vlog character scored him a huge #GuapBag!Tricky Baby did the things that made the money to be done! This website uses cookiesWe use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Under Stassen's leadership, Capitec became South Africa’s sixth-largest bank by market value with more than 8 000 employees, about 600 branches and almost R43-billion in assets. As of August 2017 the bank was the second largest retail bank in South Africa “I believe very strongly that we need to look at partnerships with the government.”He said things had changed dramatically since former president Jacob Zuma stepped down. View Riaan Stassen’s profile on LinkedIn, the world's largest professional community. Helps solve conflict . Msezane_Sifiso Mayibuye lo Mali rhaaaaa menemene wamabhedengu mayibuye!!!!!!! ... CEO Gerrie Fourie told shareholders that by Friday morning the group’s client base stood at 12-million. Riaan Stassen, the co-founder of Capitec Bank, has decided to retire. Stassen served as CEO from 2001 to 2013. Gerrie Fourie, Capitec Bank’s new CEO, starts his year on a high-note after a strong performance in 2013, but with ambitious plans to take the bank to new heights. However today Gerrie Fourie is the CEO of the business. Capitec now has R5-million active clients, it said. Riaan Stassen bows out after making huge success of Capitec. Capitec fell 0.8% to R201.27 by the close in Johannesburg, paring this year’s gain to 10%. Material may not be published or reproduced in any form without prior written permission. The Capitec board announced in early May that Stassen, 65, had decided to retire. “Riaan played an integral role in the establishment and success of the bank from 2001 to 2013 when he retired as CEO of Capitec and Capitec Bank,” the board said. Stassen was "the heart of the management team that established Capitec Bank in 2000", the lender said. Le Roux told shareholders attending Friday’s AGM it was indicative of the strength of Stassen’s contribution that he was leaving an organisation that was flourishing.Capitec, which began life as a micro-lender providing unsecured loans to the low-income segment of the market, quickly transformed into SA’s fourth-largest bank in terms of clients after Absa, Standard Bank and FNB. These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever. On the Board of Capitec we have CEO Gerrie Fourie Chairman of the Board Riaan Stassen Director John David McKenzie Director Nonhlanhla Mjoli-Mncube Director Petrus Mouton Director Chris Otto Director Michiel Scholtz du Pre le Ro... Director Jean Verster These are the people who ensure that Capitec will be a success. A third of our freshwater fish are dying out due to climate change and invasive species. And have done for years. He’s been with the bank for 13 years, he’s been responsible for the operations. I can't see why we can't render good returns going forward.". The firm was founded by Riaan Stassen and Ken Corsar. Demands immediate compliance with their orders . CoruscaKhaya The most successful mashonisa in the game. ... Gerrie Fourie, has expressed optimism about the bank's future. But few saw it coming that the opposition politician in question would be Good party leader Patricia de Lille, appointed to head a beefed-up Public Works portfolio. He takes over the retail bank from Riaan Stassen. In 2006 Capitec had 11,440 employees. But he added that it would take a while to get the country growing again and the next two years would continue to see slow growth. He does, however, remain a significant shareholder. Stassen served as nonexecutive chair from 2016 until May 31. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services, Murray Walker, the voice of Formula One, dies at 97, LRA's Ongwen: A critical first ICC conviction - The Mail & Guardian, DM168 Feature: Covid-19 info brought to life in isiXhosa for Eastern Cape villages, DM168 Citizen: It’s time to rethink conjugal visits for prisoners, says judge, DM168 Reflection: Cele should be talking to his officers, not Zuma, Veteran actor Menzi Ngubane passes away aged 56, New Caf president Motsepe’s mean machine Mamelodi Sundowns continue their winning streak, Family heartbroken at actor Menzi Ngubane's death, Eastern Cape actress Noxolo Maqashalala dies, JSE’s worst month since October reflects growing global fears. i wish he rot in jail nxx, MICHEL PIREU: Sticking to your out-of-the-box truth key to investing successBeing independently minded and bold enough to stand out from the crowd will stand you in good stead. Riaan Stassen also states in his interview with Alec Hogg that the focus for Capitec is to ‘Grow its own trees’. Thrilled our film got profiled + SundayTimesZA. Capitec Bank Holdings Ltd., South Africa’s second-largest provider of unsecured loans, said Gerrie Fourie will become chief executive officer when Riaan Stassen retires at the end of the year. Michiel Le Roux, Riaan Stassen and Gerrie Fourie were celebrating in the wake of the announcement that Capitec retail bank had been crowned the World’s Best Bank by international banking advisory group Lafferty. Riaan Stassen, dubbed the "heart" of Capitec's founding management team, will be replaced by Gerrie Fourie as chief executive. CEO-Gerrie Fourie . DIFFERENT LEADERSHIP STYLES . All material © Mail & Guardian Online. The group also reported a strong arrears position, stating that the 2019 figure was its lowest.In an upbeat presentation to shareholders Fourie said he believed that under President Cyril Ramaphosa the “political situation is in a much better space than it had been two years ago”. "Despite South Africa's medium-term challenges, we remain excited about the future and the opportunities available to us," the company said. Supervisor . yep...That is how 'White' America stole from a poor Black man and left him poor. By Fonteh Akum, Illiassou Abdoulaye Alio and Habibou Souley Bako. 'The Lion's Share': how Disney made millions from a poor Zulu artist's songA Netflix documentary retells the story of how Solomon Linda's song 'Mbube' morphed into the big hit 'The Lion Sleeps Tonight', and yet he died penniless. Say it like it is so called black excellence ,Molefe failed number of SA business that could have benefited from Transnet tenders but decided to be in a corrupt relationship with Indian and chines foreigners . Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers. Fourie urged South Africans to adopt a more positive mindset. The already turbulent labour market could see more strain if aspiring students lose out. Get our news and views in your inboxThe share, listed on the JSE in May 2002 at R2, closed on Friday at R1,319.21, giving the group a market capitalisation of R152bn, the third largest behind Standard and FirstRand.At a recent function in Cape Town former Steinhoff chair Christo Wiese revealed that former Steinhoff CEO Markus Jooste had been keen to acquire a controlling stake in PSG in order to get control of Capitec. Director- Jean Verster. Not that many career bankers will get the chance to see inside the Capitec CEO’s den. Kipekee Studio: the cool new kid on the KZN furniture-making sceneThe advantage of working with one's spouse is that, when ideas surface at 10pm, one can start implementing them immediately. The executive said in an interview on Wednesday that he plans to stay on the company’s board. While rival African Bank Investments warned of a drop in profit as loans sour amid a slowing South African economy, Capitec has continued to show growth. Dictates policies and procedures . The Board is pleased to announce that Riaan will be succeeded as CEO by Gerrie Fourie on 1 January 2014. View Louis Steyn's business profile as Integration Architect at Capitec Bank. Capitec rose to become South Africa's... REQUEST TO REMOVE Capitec defends its lending policies |… http://www.bdlive.co.za/business/financial/2013/06/02/capitec-defends-its-lending … (source – Bruce Whitfield interviews Gerrie Fourie,2017). Riaan and Gerrie will co-operate over the next three months to ensure a smooth transition from one CEO to the next. Other steps to fight climate change include improved reporting, monitoring and laws, The ANC’s regional secretary in the Amathole is at the head of an alleged scheme to fundraise for his party, Lord’s Resistance Army leader found guilty of forced pregnancy charges in landmark case. Fee income from loans fell 26% to R465-million while Capitec boosted its provisions for bad debts 70% to R3.2-billion. Capitec Bank Ltd., a subsidiary of Capitec Bank Holdings Ltd., is a South African company located in Stellenbosch focused on state commercial banks. "Since June there has been a decline in arrears.