JOHANNESBURG - Capitec's latest results show clients are struggling to pay back loans.
There’s been an 80 percent spike in impairments to R6.3-billion.
Capitec has also seen an increase in people enrolling for debt review, and it's now tightened its lending criteria.
The bank announced its financial results for the year to end February on Tuesday.
Despite a rise in impairments, Capitec recorded a significant 15 percent jump in headline earnings for the year.