Graham Lee, Capitec’s new CEO, told attendees at Capitec’s interim results presentation on Wednesday that Avafin “more than doubled” its contribution to headline earnings. Listen/read: Innovation and ‘boots on the ground’ help lift Capitec’s profitCraig Metherell, equity analyst at Denker Capital, says Capitec sees Avafin as “an early Capitec” in some respects. Metherell also highlights the management experience guiding Capitec’s international strategy. “The group has very sharp and experienced minds handling the international business. “FY2026 could still be strong, with compounded earnings growth in the high teens over the next three years,” he says.