You may be forgiven for thinking that Capitec CEO Graham Lee misspoke when he characterised the bank’s market share in South Africa as being “excitingly low”. Speaking at Capitec’s AGM on Friday, he said the numbers are “excitingly low” precisely because it shows there’s “runway” for growth. Business bankingIn business banking, Lee says its market share is “even lower”. Since it launched its Entrepreneur Account in December 2025, he says Capitec’s business banking segment has grown “significantly”. These include its business banking, Capitec Connect, and insure units, as well as consumer lending subsidiary’s Avafin’s push into new emerging markets.