Capitec’s New CEO Faces Test to Sustain 200,000% Stock Rally

The new CEO of South Africa’s biggest bank by customers has a unique problem on his hands.

Since Capitec Bank Holdings Ltd. — South Africa’s first-ever challenger bank — made its public debut 23 years ago, its shares have soared by more than 200,000%. That’s made it the country’s best-performing stock since it was listed and the second-most valuable lender on the continent, boasting more than 24 million customers.