Description
South Africa's banking miracle and greatest post-apartheid success story was built on lies. The Stellenbosch elite thought their secrets were buried forever. They were wrong.
You don't build a banking empire overnight without breaking a few rules. The first red flag should have been the doctored maiden results, but the market failed to notice. Even, when Viceroy Research unleashed a damning report calling Capitec "A Wolf in Sheep's Clothing," the market shrugged. But the ‘grey-zone’ accounting shenanigans are in the numbers, which don't lie — even when the bankers do.
Author Jaegur Martin has assembled the smoking guns that they thought were destroyed. As Michiel le Roux and his cronies count their wealth, one question burns: Will they bail out before the bank needs a bailout?
The banking elite are counting on ignorant silence. Read the book they never wanted written and expose their lies.
