Capitec Bank (CPI) AGM 2025 summary

Opening remarks and agenda

• The AGM was opened with acknowledgment of global and local volatility, emphasizing a clear focus on client service and brand trust.

• Notice of the meeting was properly distributed, and a quorum was confirmed, with hybrid participation enabled.

Board and executive committee updates

• CEO succession was announced: Graham Lee will succeed Gerrie Fourie as Group CEO, effective immediately after the AGM.

• Basani Mahluleke will take over as Executive for Personal Banking.

• Board re-elections and confirmations included Stan du Plessis, Cora Fernandez, Pete Mouton, Raghu Malhotra, and Graham Lee.

Corporate governance

• Amendments to the Companies Act required shareholder election of Social Ethics and Sustainability Committee members.

• Deloitte and KPMG were reappointed as joint external auditors until the next AGM.

• Special resolutions included approval of non-executive director fees, authority for share repurchases, and financial assistance to related companies.