However, not many people are aware who the man behind the bank is.
Despite getting his degree in law, Michiel did not practice law and instead went into banking.
Michiel went on to study towards an LLB degree in Stellenbosch, however, he never practiced law.
Read also
Aside from his LLB degree, Michiel also has an honorary doctorate from the University of Stellenbosch.
In 2010,Fin24reported the then 26-year-old opened a salad bar in Sandton.
He worked as the managing director until the mid 90s.
Read also
He then worked for Boland Bank Ltd for several years.
In 2001, Michiel founded Capitec bank.
Today, Michiel holds only 11% of the stakes in Capitec.
Adv Thuli Madonsela, Prof Neil Turok and Michiel le Roux became honorary Maties on 26 March, 2015. Photo: Stellenbosch University / Facebook.Source: Facebook
However, his success has seen him become a very wealthy man.
He is one of South Africa’s dollar billionaires.
Only eight of South Africa’s banks were featured on the list.
Read also
The reported also listed the world’s 10 strongest banks and only two locals banks made the cut.
Capitec came out on top in SouthAfrica, having been ranked the strongest banking brand in the country.
The article revealed Zille resided in Michiel’s Cape Town home for three months.
Read also
Enjoyed reading our story?
Download BRIEFLY’s news app onGoogle Playnow and stay up-to-date with major South African news!
Read also
Read also
