CFO Profile: Andre du Plessis | Capitec Bank

André du Plessis | Chief Financial Officer | Capitec Bank

André du Plessis - current CFO of Capitec Bank - started working for Capitec in May 2002. Du Plessis says to treat every month as the end of the financial year, and to challenge other banks to do the same. His devotion to the company lead him to turn down a candidacy for the CEO position. "My wife and friends said I was crazy. However, saying 'no' to applying for CEO position was best for the organisation." According to du Plessis, "brutal honesty is seriously important". For his work as the CFO of Capitec Bank, du Plessis was nominated for CFO Awards 2014.

Learn more about Andre du Plessis:
Capitec bullish as company profits and customers increase
André du Plessis, Finance Director Capitec Bank: Be brutally honest

Nationality: South African
CFO since: May 2, 2002

Other current positions:
Member of Credit Committee, Member of Risk & Capital Management Committee, Member of Large Exposures Committee - Capitec Bank Holdings Ltd.


  • 2002 - Present: Financial Director - Capitec Bank Holdings Ltd
  • 2000 - 2002: Executive Financial Management - Capitec Bank
  • 1996 - 2000: Chief Executive of Financial Management - Boland PKS and NBS Boland Group
  • 1986 - 1996: Partner - Arthur Andersen


  • BComm (Hons), CA (SA)

Additional information:
Mr. André Pierre Du Plessis, B Comm, CA(SA) serves as Financial Director and CFO of Capitec Bank Holdings Ltd (since May 2002). He is also Financial Director of Capitec Bank. Mr. Du Plessis is specialised in the areas of business advisory, financial consulting and strategic & financial management with more than 20 years of experience. He served Arthur Andersen as a partner for 10 years from 1986 to 1996. From 1996 to 2000 he was associated with Boland PKS as a Chief Executive, Financial management. He joined Capitec Bank in 2000 as the executive: Financial management.

  • Interview with CFO South Africa, 29-1-2014
    Be brutally honest, read the full interview here.

Capitec Bank
Employees: 8890 (2013)
Sector: Financials
Industry: Banking

Capitec Bank Holdings Limited was founded in 2001 and through its subsidiary, Capitec Bank Limited, provides retail banking services in South Africa. Its retail banking services include savings, deposits, debit cards and consumer loans to individuals. The company also provides money management services, salary transfers, workplace banking, Internet banking, mobile banking and ATM services. In addition, the company is involved in property holding activities.

Financial Results:

Revenue (R Million)









Net Income (R Million)









Additional information:

Annual report 2013
Our strategies going forward align with the overriding objective of continuing to create sustainable value over the

long term for all who have an interest in the business. The expected outcome of the combined strategy is long-term

real growth in earnings and assets. Risk management, processes, people, technology and knowledge are aligned

with these objectives. Strategic, economic, social, operational, and environmental objectives are integrated into the way we do business through people, processes, technology and risk management.

Strategic objectives

  • Provide unique service
  • Enhance the product offer
  • Grow transaction income
  • Manage the cost of credit to clients
  • Responsible management of regulatory and compliance risk
  • Economic performance objectives
  • Increase headline earnings per share
  • Maintain the return on equity
  • Focus on cost efficiency and a lower cost-to-income ratio
  • Grow the loan book responsibly within the constraints of the unsecured lending environment and market competition

Operational performance objectives

  • Increase distribution network
  • Improve business continuity and disaster recovery plans
  • Grow employee numbers
  • Train and develop employees

Social performance objectives

  • Develop communities
  • Build a reputation as an employer of choice

Environmental objectives

  • Operate a business model that has a low environmental impact

Source: Annual Report Capitec Bank 2013

Articles on Capitec Bank:

  • Capitec exploring offshore markets, 24-7-2013
    Read the full article here.
  • Capitec says new loan growth stalling - CFO, 19-7-213
    Read the full article here.
  • Capitec Bank becomes South Africa's fourth largest bank, 9-5-2013
    Read the full article here.

Meet up with the nominees and other top CFOs at the CFO Awards
CFO South Africa's first CFO Awards are held on May 15, 2014 at the breathtaking Summer Place in Hyde Park Johannesburg.

CFOs of listed companies and large corporations are awarded for outstanding performance and leadership. Chaired by Semeyi Zake, over 200 CFOs share knowledge, extend their network and boost business.

RSVP for the CFO Awards Show today- Book a table or individual tickets
Meet top CFOs, demonstrate thought leadership, extend your network and develop business.