Capitec Bank has seen a significant rise in share price is the last 5 years. This is a guide on how to buy shares in Capitec Bank.
Overview
Capitec share price has appreciated more than 1000% since 2014, this makes it a highly lucrative company to invest in. The bank continues to draw a lot of customers and is used by most people in the country.
Registering with a broker
The first thing you have to do is to find a broker, a broker is an intermediary that allows you to invest in companies. There are a lot of brokers in South Africa, I highly recommend using EasyEquities as a broker. It’s super easy to use and you don’t pay a lot of money in charges and fees and you can literally invest with R100. Here is a guide on how to open an EasyEquities account.
After registering with EasyEquities and downloading the app:
- Tap on invest.
- Select the account you want to invest from.
- Use the search bar at the top to search for “Capitec”.
- Click on Capitec on the results.
- Tap on “buy” and allocate the amount you want to buy with.
That’s how easy it easy to buy shares in Capitec. You need to have enough money in your account to at least be able to buy 1 share at Capitec; which is over R1 000 at the time of writing this article. It’s not uncommon to see more than one result when searching for “Capitec” other results may include other share structures offered by Capitec, make sure you invest directly in the group.
Other share schemes usually have a blue or red label right at the left corner of the logo. These structures are usually preferential shares. That’s something to look out for.
Conclusion
This was a guide on how to buy shares at Capitec Bank. Do you have any thoughts or questions? Comment below.
