We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Capital Appreciation, the listed special purpose acquisition company founded by former Netcare chairman Michael Sacks, has made its first acquisition since listing on the JSE nearly two years ago. The Competition Commission approved the intermediate merger with fintech companies African Resonance Business Solutions and Rinwell Investments, which owns payment processor Dashpay. Sacks could not be reached for comment on Monday. In a circular to shareholders, Capital Appreciation said both fintech companies were "uniquely positioned to capitalise on their technologically innovative products and competencies within the South African payment sector". African Resonance provides payment infrastructure and related services to financial institutions, emerging payment service providers, the hospitality industry and retailers. Dashpay is a third-party payment processor for merchants. It is registered with the Payment Association of SA. Customers were increasingly adopting card-based and digita...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now