The boards of Capitec and Capitec Bank announced that Ms Thetele Emmarancia (Emma) Mashilwane has agreed to join the boards of Capitec and Capitec Bank effective 6 March 2020. Ms Mashilwane's appointment as an independent non-executive director will strengthen the independent element of the boards and support the continuous drive to augment board acumen. Ms Mashilwane is currently CEO of Masa Risk Advisory Services which she founded independently.