What is FYNBOS KAPITAAL PROPRIETARY LIMITED?
FYNBOS KAPITAAL PROPRIETARY LIMITED
Company, investment
- The DAAs declared to the IEC
R38 000 000 in total
January 2026 to June 2026
This donor gave the DA 2 donations worth R38 000 000, as declared to the (IEC The Electoral Commission of South Africa. It runs elections. It is independent, so it does not take orders from the government or any party.). They were made between January and June 2026.
Daily Maverick says he is a director. Business Day says he owns more than 10% of Capitec Bank.
Who is behind it?
- Michiel le Roux, director (Capitec founder). Daily Maverick, 13 March 2024
What did the parties declare?
Every donation the DA told the (IEC The Electoral Commission of South Africa. It runs elections. It is independent, so it does not take orders from the government or any party.) about, as the IEC published it, newest first. Cash and (Goods or services Things given to a party instead of cash. Examples are paying its bills, lending it things to use, or paying for a venue or staff.) are shown apart.
April to June 2026
- Cash
- R25 000 000
- Goods or services
- None
January to March 2026
- Cash
- R13 000 000
- Goods or services
- None
What has been reported?
Electoral Commission of South Africa (IEC)27 August 2026
The (IEC The Electoral Commission of South Africa. It runs elections. It is independent, so it does not take orders from the government or any party.) said Fynbos Kapitaal gave the DA R25 million in April to June 2026. Together with Fynbos Ekwiteit's R30 million, that is R55 million in one quarter.
Read the report ↗Business Day8 July 2026
Business Day says Michiel le Roux co-founded Capitec Bank, was its first chief executive and later its chair. It says he still owns more than 10% of the bank.
Read the report ↗Daily Maverick31 May 2026
Daily Maverick reported that the DA got R58 million in 2025/26 through companies linked to Michiel le Roux. So he is behind one of the DA's largest sources of declared money.
Read the report ↗Electoral Commission of South Africa (IEC)28 August 2025
The IEC said in August 2025 that Fynbos Kapitaal is "a company linked to Capitec founder Michiel le Roux".
Read the report ↗Electoral Commission of South Africa (IEC)28 August 2025
The IEC said in August 2025 that Fynbos Ekwiteit and Fynbos Kapitaal "appear to share the same ownership". But the law treats them as two separate donors, each with its own donation limit.
Read the report ↗Daily Maverick13 March 2024
Daily Maverick reported in 2024 that le Roux is a director of both Fynbos Kapitaal and Fynbos Ekwiteit. It called them investment companies.
Read the report ↗Daily Maverick10 September 2023
Daily Maverick reported in 2023 that Michiel le Roux sat on a three-person panel that reviewed the DA's 2019 election losses. So he has also helped the DA in ways other than money.
Read the report ↗
Tap a year to see its reports.
Does it have documented links abroad?
Nothing found.
News reports link it only to a South African director. We found no foreign owner. We did not check the company register (CIPC), because it is a paid search. Checked 20 Oct 2026.