Capitec Holdings’ (CPI) share price came under continued selling pressure on Thursday‚ dropping another 3 percent to a seven-week lows after the banking group forecast slower earnings growth on Tuesday.
Headline earnings per share for the six months ending June 2012 are expected be 25 percent-35 percent higher than the previous interim period.
At 11.20am‚ the share price was down 2.79 percent to R209‚ the lowest level since July 16. This brings the losses to more than 6 percent since Tuesday.
Known for its awesome beauty, the W Cape is now also on track to becoming Africa's "Silicon Valley".
"The response has simply been overwhelming," said Outa Chairman, Wayne Duvenage.
The European Union (EU) wants to stop some imports from South Africa, like citrus fruit.
