Capitec Financial institution’s cellular digital community operator (MVNO), which just lately slashed its costs, is performing strongly, the corporate’s newest monetary outcomes present.
Capitec printed its annual outcomes for the 12 months to end-February 2025 on Wednesday, which confirmed a 30% soar in headline earnings to R13.7-billion. “Strategic initiatives”, which embrace numerous value-added companies and Capitec Join, contributed R3.1-billion to group headline earnings, up from R2-billion in 2024.
Capitec Join’s internet revenue within the newest reporting interval got here to R193-million, up from R35-million a 12 months in the past, whereas subscribers with energetic Sim playing cards (energetic inside six months – a very unfastened definition) elevated by 74% to 1.6 million, with information utilization leaping to 13.4 petabytes and voice utilization reaching 307 million minutes.
The MVNO, which makes use of Cell C’s community, claims it affords probably the most reasonably priced cellular companies in South Africa.
Earlier this month, Capitec slashed the value of knowledge bundles throughout the board, with the choice influenced by a ballot of its clients that discovered that 87% of respondents reported that prime information prices have been proscribing their entry to vital work, training and different alternatives.
An October 2024 evaluation by TechCentral evaluating 30-day information bundle costs throughout all MVNOs confirmed Afrihost AirMobile had the most cost effective bundles total. With the newest value reductions from Capitec, nevertheless, the price of a 5GB (R100) and 10GB (R150) from the financial institution matches the Afrihost AirMobile pricing, making the 2 MVNOs collectively probably the most reasonably priced for information in South Africa.
Worth-added companies
Banking MVNOs like Capitec Join are among the many largest and most profitable MVNOs in South Africa. TechCentral has beforehand reported that amongst its direct opponents, which embrace Commonplace Financial institution Join, FNB Join and the nascent Previous Mutual Join, FNB has the costliest information costs, with 6GB – the closest bundle to the usual 5GB provided by different gamers within the trade – costing R279. FNB Join’s 12GB bundle – once more the closest to the 10GB trade normal – prices a staggering R499.
In the meantime, Capitec mentioned internet revenue from value-added companies (VAS) additionally spiked over the previous 12 months – up 56% to R4.2-billion.
Learn: New Capitec CEO introduced
“This was because of increased consumer adoption because the VAS merchandise mature, in addition to a rise within the variety of shoppers utilizing VAS to 10.9 million,” it mentioned on Wednesday.
“The expansion within the variety of shoppers that use our app gives a platform for development in VAS transaction volumes as these transactions can solely be carried out on the app. A complete of 85% of our app shoppers have carried out a VAS transaction,” it mentioned.
“As extra shoppers transacted at higher frequency, volumes elevated by 34% to 1.5 billion. A complete of 1.2 million new shoppers used ‘ship money’ throughout 2025 and the transactions per consumer grew, rising revenue generated by 61% to R973-million.
“The volumes of pay as you go information, airtime and electrical energy offered elevated by 14% and revenue on these transactions grew by 15% to R1.4-billion.”
Final August, Capitec additionally started promoting Showmax streaming vouchers, with 437 000 models offered within the 2025 monetary 12 months.
Learn: Capitec Join proclaims aggressive value cuts
Additionally, since inception final February, Capitec has dealt with 320 000 automobile licence renewals by means of its app. “Our market share has grown to twenty%,” it mentioned. – © 2025 NewsCentral Media
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