Project delays knock Capital Appreciation's revenue
While revenue grew, earnings before interest, taxes, depreciation and amortisation declined by 8% to R126.9 million.
Stay updated with breaking news from Bradley Sacks. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
While revenue grew, earnings before interest, taxes, depreciation and amortisation declined by 8% to R126.9 million.
Capital Appreciation has completed the $7 million acquisition of Dariel Solutions Proprietary Limited.
The JSE-listed fintech group’s drop in earnings was directly due to the expected credit loss provision raised, amounting to R70.8 million, for the loan.
The transaction will be settled by a combination of cash and allotment of ordinary shares out of treasury shares.
The case raises questions of fundamental public importance, because the ‘market’ GovChat and Meta are fighting over is us and our personal information.