Acquisition group opens R500m tab

19 July 2020 - 00:07 By NICK WILSON

Capital Appreciation, the fintech investment company that includes the Public Investment Corporation (PIC) and Patrice Motsepe's African Rainbow Capital among its shareholders, has a cash pile of more than R500m to target attractively priced acquisitions in a weaker market.

"Our businesses are very cash-positive. We currently sit with over R500m waiting for acquisitions," said joint CEO Michael Pimstein...

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