Capitec CEO Says Viceroy Report ‘Very Inaccurate’

The transcript covers a response to allegations of accounting irregularities, emphasizing the company's commitment to transparency and addressing inaccuracies in a report by Viceroy. It discusses the market and customer reactions, including the role of the South African Reserve Bank's support. Legal actions are being considered, and communication with stakeholders is ongoing. Shareholder concerns are addressed, and the company plans to publish its results as scheduled. The impact on business integrity and the focus on growth are highlighted.

What is the company's stance on the allegations made by Viceroy?

• They have not reviewed the report.

• They are frustrated by the inaccuracies.

• They have decided to ignore the report.

• They agree with the allegations.

How did the South African Reserve Bank respond to the allegations?

• They criticized the company.

• They remained silent.

• They supported the allegations.

• They supported the company.

What action has the company taken regarding the Viceroy report?

• They have ignored it.

• They have instructed attorneys to lodge a complaint.

• They have not responded.

• They have accepted the findings.

What example does the speaker give to illustrate inaccuracies in the report?

• Incorrect branch locations

• Misreported salary figures

• Wrong customer data

• Inaccurate product descriptions

What is the company's plan for publishing their full-year results?

• They will publish them earlier than scheduled.

• They will delay the publication.

• They will stick to the scheduled date.

• They will not publish them at all.

How does the speaker view the impact of the allegations on the South African business community?

• They are concerned about the negative effects.

• They are indifferent to the impact.

• They believe it has no impact.

• They think it will boost confidence.

What is the company's focus moving forward despite the allegations?

• Focusing on legal battles

• Focusing on growth and positive developments

• Focusing on reducing staff

• Focusing on cutting costs