In the last of our 2020 webinars in the current small-cap webinar series, Decuatio takes a look at the investment case for yet another JSE listed company: Capital Appreciation (CAPPREC).

CAPPREC provides payment terminals as well as technology that banks and other financial services companies use to add more features to their digital platforms, such as integrating loyalty programmes and the sale of prepaid vouchers. It also offers highly specialised software development, Cloud services, machine learning and AI-services to a broad range of financial institutions and retailers. Its blue-chip clients include the big four banks as well as Discovery Vitality, TymeBank and a number of asset managers and retailers, locally and abroad. Given the increased uptake of digital payments driven by the Covid-19 crisis, Capital Appreciation had the opportunity to grow its business during a difficult 2020.