15 Comments
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Wadzanai kanongovere's avatar

Good job.

Please do Securities Borrowing and Landing.

Tinashe Mukogo's avatar

Thanks. For which business?

Wadzanai kanongovere's avatar

I recently attended a webinar where Chengetedzai Depository presented the concept of lending your shares to traders and you get paid a fee. The shares remain yours as well as the dividends.

Check your email. I sent you the PowerPoint presentation a few days ago

Tapiwa C. Gotora's avatar

This is an interesting concept. Please share a link to the PowerPoint if you don't mind.

Tapiwa C. Gotora's avatar

I have sent my email to your DM.

Bavarian Welly's avatar

Great read! Not sure if i missed it but would want to read more on how OK seems to be collapsing after what appeared to have been a promising would-be turnaround supported by creditors and a decent rights issue.

Tinashe Mukogo's avatar

Thanks I wrote a lot about OK. Scroll to see some in the section here.

https://www.moneyandmoves.com/t/retail

Zolani Khumalo's avatar

Good insight, Tinashe. Looking forward to the Bank to bank comparison. Especially the "Core" ROE (a number of banks have been taxed due to some taxman shift on interest being non deductible eg NMB)

- which bank has been outright efficient and has fully delivered to its shareholders.

Oscar Mano's avatar

Your analyses are so rich and detailed, and more importantly, explained in such simple language that a financial layman can get it. Impressive work mate!

From a customer perspective, I am really happy with First Capital performance from a customer service perspective. They do treat us well and as a result I have moved my small business over to them and so far so good.

Lovely piece, and may the good work continue over at First Capital Bank.

Tapiwa C. Gotora's avatar

This is the only endorsement I need. Thank you, Oscar.

Christopher Chitemerere's avatar

It is important to dissect the income and profit changes into its various components. Was the increase due to change in price (fees), volume (number of customers) or mix.

Tinashe Mukogo's avatar

Good points. Increases were generally across the board. Majority would have been volume based as fees haven't changed much YoY.

More loans and more transactions.

Mthandazo Nyoni's avatar

Good read. Eye opening

Tapiwa C. Gotora's avatar

I thoroughly enjoyed this piece; the analysis was palatable, and it gave me an appreciation of how First Capital seems to be doing really well from a potential customer POV. I'm seriously considering banking with them based on your articles. I don't think it would be a bad investment, either from an investment perspective.