- About Us
- Overview
- Financial Technology
- History
- Leadership
- Board of Directors
- BEE / Founding Shareholders
- Our ESG philosophy
- Group Businesses
- Opportunities in FinTech
- Payments
- African Resonance
- Dashpay
- LayUp
- Halo Dot
- Software
- Synthesis
- Responsive
- Dariel
- AssetPool
- Investor
- Newsroom
- Company Releases
- Media Coverage
- SENS Reports
- Financial Reporting
- ESG
- Dividends
- Shareholder Circulars
- Investor Presentations
- Thought Leadership
- Analyst Research
- Shareholder Services
- Contact Us
About Us
Overview
Capital Appreciation is a financial technology company that facilitates the provision of FinTech platforms and delivers contemporary and innovative solutions to its clients.
Capital Appreciation is focused on investing in and growing businesses that deliver compelling, innovative and disruptive solutions to financial institutions and other enterprise clients, allowing them to develop and introduce new products, deliver value to their customers and improve efficiency while controlling and eliminating unnecessary operating costs. This vision is underpinned by sound commercial judgement and good corporate governance.
We provide a platform for growth.
Financial Technology
Fintech is a classification used to describe innovative and transformative technologies disrupting traditional banking and financial services.
These changes are extremely evident in the payment sector, affecting, inter alia, relationships between financial institutions and their consumer clients, financial institutions and their corporate retailer clients, retailers and their consumer customers, and among consumers themselves.
There are also increasing requirements for financial institutions to enhance regulatory compliance while simultaneously reducing their costs of delivery.
These are huge market forces, the consequences of which are visible in the economy as a whole. These forces are expected to intensify and the changes they precipitate expected to accelerate.
Traditional financial and banking institutions are rapidly embracing the idea of Fintech recognising that Fintech presents an opportunity to improve efficiency, reduce cost, enhance customer experience and drive revenue and that their businesses are otherwise vulnerable as the digital economy changes customer behaviour.
History
2024
March
Exceeded R1 billion in revenue.
2023
July
Acquired Dariel group.
June
Provided convertible loan to AssetPool.
2022
March
Acquired the Responsive technology group.
May
Subscribed for 20% of the shares in Regal Digital, a FinTech company located in the Netherlands.
2021
January
Invested in and acquired 27.4% in LayUp with the ability and right to increase ownership interest over time.
March
Launched Halo Dot, a robust platform for payment acquiring on Android devices.
June
International division established in Amsterdam, Netherlands.
2019
May
Agreement concluded for exclusive distribution of Newland technology payment devices.
September
Acquired intellectual property rights of platforms previously used under license, and sold 17.45% in Resonance Australia.
2017
May
Acquired 100% of African Resonance, Dashpay and Synthesis Software Technologies, as well as a 17.45% interest in Resonance Australia.Migrated to Software and Computer Services sector on the JSE.
November
Maiden dividend declared.
2015
October
Capital Appreciation listed as a Special Purpose Acquisition Company ("SPAC") on the Main Board of the JSE and raised R1 billion through a private placement ofshares.
Leadership
Michael Pimstein
Executive Chairman
Bradley Sacks
Chief Executive Officer
Alan Salomon
Chief Financial Officer
Board of Directors
Michael Shapiro
Head of Software Division and Executive Director
Kuseni Dlamini
Lead Independent Non-Executive Director
Bukelwa Bulo
Independent Non-Executive Director
Errol Kruger
Independent Non-Executive Director
Rorisang (Roxy) Maqache
Non-Executive Director
Victor Sekese
Independent Non-Executive Director
Amanda Dambuza
Independent Non-Executive Director
B-BBEE and Founding Shareholders
Since its founding, Capital Appreciation has been focused on Broad-Based Black Economic Empowerment. The profile of its founding shareholders reflects this focus.
- The Public Investment Corporation (PIC)
The PIC was established in 1911 and is one of the largest investment managers in Africa today. The PIC holds 26.41% (345.9 million shares) of Capital Appreciation. - The Capital Appreciation Empowerment Trust (CAET)
The CAET is a trust specifically created for the recognition and benefit of black individuals and other historically disadvantaged South Africans. The CAET holds 5.73% (75 million shares) of Capital Appreciation. - Ownership
Capital Appreciation has a proud heritage with a B-BBEE shareholding representing economic interests of 32.28% and voting rights of 40.69%.
The underlying businesses have obtained separate and independent B-BBEE certification and, as of 31 March 2023, those are as follows:
- Capital Appreciation Limited (consolidated Group) – Level 2
- Synthesis – Level 1
- African Resonance – Level 2
- Dashpay – Level 2
Broad-based BEE will continue to be a focus for Capital Appreciation, not only in our shareholding but also in (i) career development and skills training for our team (management and others), (ii) the nature of the products and services our companies deliver (e.g. financial inclusion initiatives), (iii) our own procurement strategies, and (iv) social development and investment initiatives we undertake.
Broad-Based Black Economic Empowerment Act (The Act): Annual Compliance Report
B-BBEE Commission Compliance ReportRevised B-BBEE Verification Certificate 30 June 2023
Our ESG philosophy
The Capital Appreciation Group recognises the impact that our activities may have on society and the natural environment. We are committed to managing our operations ethically, while striking an appropriate balance between economic, social and environmental needs. Capital Appreciation has a strong commitment to contributing to the socio-economic prosperity and the transformation of the communities within which we operate, to maintaining an attractive employee proposition to attract and retain highly skilled people and to anage and reduce its already low environmental impact.
Learn more
About Us
Overview
Financial Technology
History
Leadership
Board of Directors
BEE / Founding Shareholders
Group Businesses
Opportunities in FinTech
Payments
African Resonance
Dashpay
LayUp
Halo Dot
Software
Synthesis
Responsive
Dariel
AssetPool
Investor
Newsroom
Company Releases
Media Coverage
SENS Reports
Financial Reporting
ESG
Shareholder Circulars
Investor Presentations
Analyst Research
Shareholder Services
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