“Not Leaving My Bank”: SA Gent’s Rant Over Capitec Billionaire’s DA Donation Sparks Heated Debate

• Content creator Katlego Kevin Kalaeamotho posted a TikTok defending his decision to stay with Capitec Bank after news broke of a major political donation
• Capitec billionaire Michiel Le Roux donated R208 million to the Democratic Alliance, triggering calls for a bank boycott across social media
• South Africans online were split, with some closing their accounts while others stood firmly behind the bank

A Witbank content creator stood his ground on TikTok after news broke that a Capitec billionaire had donated R208 million to the Democratic Alliance. Katlego Kevin Kalaeamotho posted the video on 8 September 2026 with the caption “Do what you want with your money,” and it quickly divided opinion across Mzansi.

The donation at the centre of the storm came from Michiel Le Roux, one of Capitec Bank’s founding shareholders. Once the news surfaced, many South Africans began cutting up their Capitec cards and calling for others to follow suit.

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Katlego was not among them. In his video, he pointed out that he has banked with Capitec since 2011, using it as his primary salary account. He praised the bank’s features, from budget tools and ID services to loan access and car disc deliveries, and said the convenience made it hard to walk away.

Capitec transparency draws praise

His sharpest point was about disclosure. Katlego argued that Capitec should actually be applauded for being open about where the money went, asking viewers how much corporate funding flows to political parties and conflict zones without ever being made public. He also noted that the R208 million came from a shareholder’s personal profits, not from customer funds.

Katlego added that with unemployment high and people losing their lives daily, a disclosed political donation from a private individual was not the hill he was willing to die on.

Watch his full take on the Capitec controversy on TikTok below:

Mzansi reacts to the Capitec debate

The video sparked a lively discussion in the comments, with opinions firmly on both sides:

@unknown wrote:

“The way Capitec Bank employs the black community, come on, people.”

@Sigede Sgede said:

“As long as it doesn’t affect my money. I’m not going anywhere. ❤️”

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@“Doctor “slaki” Matshia” shared:

“I closed my Capitec account yesterday.”

@Mandy added:

“I am not leaving Capitec Bank. 😅”

@NtangaAdamsZA noted:

“We still don’t know who funded the CR17 campaign, but some people want to boycott transparency? 🤣”

@XolileMaZulu concluded:

“I will always use Capitec. 🤙”

More stories involving Capitec

• Billionaire Capitec founder Michiel le Roux has been revealed as the Democratic Alliance's largest individual donor.
• Content creator Xolile Vesile praised the new Capitec and Home Affairs partnership that lets South Africans apply for smart IDs at bank branches.
• Sizwe Dhlomo reacted to a Newsday report revealing Capitec billionaire founder Michiel le Roux donated over R208 million to the DA.

Source: Briefly News