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Froth back
General - 2 December 2020
Ingham Analytics have updated their assessment of Capitec in “Froth back?” in which they analyse the financial situation and flesh out the valuation metrics. They are on record already in 2019 advising to stay away from banks as an investment, with the sole exception being Capitec. This has been the right call, with the banking sector falling and Capitec rising. But has Capitec perhaps run a bit too far?