S3E32: New Bank in South Africa to Challenge Capitec Bank: Will You Buy Those Shares
23 June 2026

S3E32: New Bank in South Africa to Challenge Capitec Bank: Will You Buy Those Shares

The Investor's Chair With Ivyn Sambo

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Is Capitec about to lose its crown?  PEP is launching its own bank, and with over 2,500 stores across South Africa, they are coming straight for the mass market. From zero-fee structures to completely skipping the dreaded month-end queues, here is exactly how PEP Bank could beat Capitec at its own game