Capital Appreciation sees growth in digital payments
For the year, the fintech company generated R206 million in cash, translating into a cash conversion rate of 100% of trading profit.
Payment terminal delays hurt Capital Appreciation revenue
The company blames the late delivery of a sizable number of imported terminals for its revenue and profit decline.
Synthesis acquired by Capital Appreciation for R132m
The JSE-listed firm says the purchase is in line with its strategy of providing established and emerging financial services companies with fintech services.