Capitec Limited, formerly Capitec Bank Holdings, has been approved for a secondary listing on A2X Markets. It keeps its primary listing on the JSE, its share capital is unchanged, and it stays in the banking sector of the JSE's financial industry with the same ticker.

The move follows the group's name change, which took effect on 26 August and was finalised at the end of the month.

A2X is a licensed exchange launched in 2017, regulated by the Financial Sector Conduct Authority and the Prudential Authority, and it lets companies already listed elsewhere trade their shares on a second venue without issuing new shares or raising capital. Several South African banking groups are already on it.

Chief financial officer Grant Hardy says the listing gives shareholders another trading venue and better liquidity. The name change carries more information than the listing does. Shareholders approved it with 99.61% of votes cast, and Capitec's reasoning was that it is no longer only a bank. Net insurance income grew 38% to R5.2-billion in the 2026 financial year.

The fintech business, which covers Capitec Connect and value-added services, lifted headline earnings 18% to R6.1-billion. Capitec Connect has reached 1.5 million active clients since launching in 2022. The group's market capitalisation is above R561-billion.

BusinessTech reported the A2X approval and quoted A2X chief executive Kevin Brady welcoming the listing as adding depth to that market. Moneyweb covered the name change mechanics, including that the JSE code, ISIN, shareholder register and trading history all stay intact. Daily Investor set out the insurance and fintech numbers the board used to justify dropping Bank from the name.

The A2X listing is administrative. No new capital, no new shares, one more place to trade the same stock. The name change is the part worth noting, and the numbers behind it are not small.

A company with a R561-billion market cap has taken Bank out of its legal name while its insurance income grows 38% and its fintech arm earns R6.1-billion. Capitec Connect is already visible in MTN's results, where free on-net calling is cited as part of why voice revenue keeps falling.

And the group has said it wants to sell home broadband next. If you compete anywhere near financial services, insurance or connectivity, the entity you are up against is no longer described as a bank by the people who run it.

You might also like our piece on the Comsol 5G network selling wholesale capacity, how Cell C launched 5G without building it, and what the surge in South African M&A says about deal appetite.

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