Capprec upbeat and eyeing expansion despite profit decline
Capital Appreciation shrugs off revenue fall and blames it on delays in getting imported payment terminals
18 November 2019 - 19:29
Fintech group Capital Appreciation (Capprec) says despite the 20% nosedive in its earnings in the first half, it expects to end its 2020 financial year on a high note.
The investment holding company in which Patrice Motsepe’s African Rainbow Capital (ARC) owns a minority stake, reported a 10.7% decline in revenue in the six months to September but blamed this solely on delays in getting some of its imported payment terminals, adding that it was a reflection of dwindling demand...
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