Capital Appreciation share price surge after positive annual results

CAPITAL Appreciation’s payments and software divisions attracted new clients, initiated new projects with existing clients, and renewed long-term contracts, the fintech group’s annual results for the year to March 31 showed.

- EDWARD WEST

Investors appeared heartened by the results, as the share price had risen 8.43% to R1.80 per share by Tuesday afternoon, while the JSE All Share Index was up by only 0.53% at the same time. Capital Appreciation's share price has gained 45% over a year.

"Capital Appreciation’s businesses are well positioned, and the prospects are encouraging. With the pace of technological advances and the digital transformation needs evident throughout the economy, we anticipate the current prospective pipeline will transform positively as further business," CEO Bradley Sacks said in a statement.

He said that over the past eight years, they had returned R765 million, or 56.5 cents a share to shareholders in the form of dividends. "While we anticipate low economic growth to persist for the 2026 financial year, several initiatives are underway with the potential to deliver exceptional performance," he added.