Its true to say that Capitec, through its mobile virtual network operator MVNO, Capitec Connect, has disrupted the market, with it attracting 1.5 million active clients by the three months to the end of February.
But the true bombshell it dropped was in March when it announced that all on-network Capitec Connect calls would be free. This means anyone with a Capitec Connect SIM is able to make voice calls to someone else on the banks virtual network for free.
Given that it has managed to attract a significant base in a very short space of time, to announce this now is quite something.