10 Things you should know about Michiel Le Roux

Michiel Le Roux is widely known as the founder of Capitec Bank. Here are 10 Things you should know about Michiel Le Roux.

1. Michiel Le Roux of South Africa founded Capitec Bank in 2001.
2. He owns about an 11% stake.
3. The bank trades on the Johannesburg Stock Exchange and targets South Africa’s emerging middle class.
4. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member.
5. Le Roux previously ran Boland Bank, a small regional bank in Cape Town’s hinterland.
6. He was born n the 20th of May, 1949.
7. He is 71 years old.
8. He trained as a lawyer, however his business sense is indisputable from the result that he has produced in the banking sector.
9. He is rated as the 18th African billionaire on Forbes list as of 2020.
10. He worked with Distillers Corp for a while before he left to start a banking enterprise with the assistance of Christio Wiese in the mid-1990s.