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Capitec’s trading update sent its stock 2% weaker. The deposit-taking micro-lender says half-year headline earnings per share could RISE by between 25 and 35% and the growth numbers certainly aren’t bad, but they’re certainly losing steam. The share price closed down over 2% to 224 rand. ABN’s Erika van der Merwe speaks with Patrice Rassou, Senior Portfolio manager at Sanlam Investment Management, to discuss these numbers.
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