Capital Appreciation is a financial technology company that seeks to serve and partner with established and emerging financial institutions and other clients. The Company facilitates the provision of financial services technology platforms and delivers contemporary and innovative technologies and solutions.

Capital Appreciation is focused on investing in and growing businesses that deliver compelling, innovative and disruptive solutions to financial institutions and other clients, allowing them to develop and introduce new products, deliver value to their customers and improve efficiency, while controlling and eliminating unnecessary operating costs.

Fintech is a classification used to describe innovative and transformative technologies disrupting traditional banking and financial services.

These changes are extremely evident in the payment sector, affecting, inter alia, relationships between financial institutions and their consumer clients, financial institutions and their corporate retailer clients, retailers and their consumer customers, and among consumers themselves.

There are also increasing requirements for financial institutions to enhance regulatory compliance while simultaneously reducing their costs of delivery.

These are huge market forces, the consequences of which are visible in the economy as a whole. These forces are expected to intensify and the changes they precipitate expected to accelerate.

Traditional financial and banking institutions are rapidly embracing the idea of Fintech recognising that Fintech presents an opportunity to improve efficiency, reduce cost, enhance customer experience and drive revenue and that their businesses are otherwise vulnerable as the digital economy changes customer behaviour.

Since its founding, Capital Appreciation has been focused on Broad-Based Black Economic Empowerment. The profile of its founding shareholders reflects this focus.

• The Public Investment Corporation (PIC)
  The PIC was established in 1911 and is one of the largest investment managers in Africa today. The PIC holds 26.41% (345.9 million shares) of Capital Appreciation.
• The Capital Appreciation Empowerment Trust (CAET)
  The CAET is a trust specifically created for the recognition and benefit of black individuals and other historically disadvantaged South Africans. The CAET holds 5.73% (75 million shares) of Capital Appreciation.
• Ownership
  Capital Appreciation has a proud heritage with a B-BBEE shareholding representing economic interests of 32.28% and voting rights of 40.69%.

The underlying businesses have obtained separate and independent B-BBEE certification and, as of 31 March 2023, those are as follows:

• Capital Appreciation Limited (consolidated Group) – Level 2
• Synthesis – Level 1
• African Resonance – Level 2
• Dashpay – Level 2

Broad-based BEE will continue to be a focus for Capital Appreciation, not only in our shareholding but also in (i) career development and skills training for our team (management and others), (ii) the nature of the products and services our companies deliver (e.g. financial inclusion initiatives), (iii) our own procurement strategies, and (iv) social development and investment initiatives we undertake.

Broad-Based Black Economic Empowerment Act (The Act): Annual Compliance Report

B-BBEE Commission Compliance Report Revised B-BBEE Verification Certificate 30 June 2023

The Capital Appreciation Group recognises the impact that our activities may have on society and the natural environment. We are committed to managing our operations ethically, while striking an appropriate balance between economic, social and environmental needs. Capital Appreciation has a strong commitment to contributing to the socio-economic prosperity and the transformation of the communities within which we operate, to maintaining an attractive employee proposition to attract and retain highly skilled people and to anage and reduce its already low environmental impact.

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