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Capital Appreciation sees earning decline on product development costs

The company saw a 7.5% trading profit knock on the back of employing more people, expanding infrastructure.

Fintech investment company Capital Appreciation released its annual results, having achieved revenue up 19.6% to R607.7 million for the year ended March 2019. Cash generation from operations also grew by 27.4% to R212.7 million. The company says it’s been investing heavily for the future as demand for its business grows. 

Nompu Siziba discusses the company’s latest results with Bradley Sacks, the joint-CEO of Capital Appreciation. Together, they talk about the goods and the services the company provides, the factors that contributed to this growth over the last year, their ongoing African Rennaissance deal and the R611 million the company has at its disposal for acquisitions.

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