Capprec ups dividend by a half amid growing digital-service demand

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South Africa Headlines News

Group says it sold more terminals in six months to end-September than it did in previous year

Fintech group Capital Appreciation says commercial spending on digital services accelerated in its six months to end-September, with the group selling more terminals during the period than it did in the prior year.

While Capprec has not been immune to Covid-19 pressure, with many major businesses holding back on capital expenditure, the group says there is still strong demand for its services, upping its interim dividend 50% to 3.75c — a payout of about R49m. ..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.

 

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