Illuminating profile of Le Roux, who co-founded Capitec in 2001 and helped make it into one of Africa’s greatest economic success stories. Capitec targets the emerging middle class in South Africa and is listed on the Johannesburg Stock Exchange (JSE).

Insiders of South African bank Capitec Bank Holdings (JSE:CPI) have sold more shares than they have bought in the last year, with CEO Gerhardus Fourie selling R56m worth of shares at a price of R2,131 each. Insiders currently own 20% of the company, worth R42b. The last three months have seen no insider transactions. While a high insider ownership suggests the company is run in the interest of all shareholders, there is a lack of confidence in the insider transactions, and more insider buying is desired.