Capitec dips on stake sale

Capitec Bank shares fell as much as 5.9% after Investec sold a stake in the lender on behalf of Africa's biggest fund administrator at less than the last closing price. Investec managed the sale of 3.7million shares at R505 each on Tuesday in a transaction valued at R1.87-billion, the bank said.The offer was "well oversubscribed", it said.