The Daily Update: 11 April

The latest updates from the JSE and NYSE over the past 24 hours.

South Africa

Alphamin Resources Limited

• Record quarterly tin production of 3,187 tonnes.
• Q1 2023 EBITDA guidance of US$41.4m, up 53% from the previous quarter.
• Tin expansion project expected to increase annual tin production by up to 60% progressing to plan.

Netcare Limited

• The Company has declared a preference dividend of 426.3 cents per share and will be paid on Monday, 15 May 2023.

The U.S.

Berkshire Hathaway

• Warren Buffett said during an interview Berkshire Hathaway is considering additional investments in Japanese stocks.

Alibaba

• Alibaba has announced the roll out its rival to ChatGPT called Tongyi Qianwen.
• "We are at a technological watershed moment driven by generative AI and cloud computing - Daniel Zhang CEO of Alibaba.

Bitcoin

• Bitcoin is back to over $30K.

Taiwan Semiconductor

• Taiwan Semiconductor has said today it brought in Revenue of $4.77 Billion during March down 10.9% MoM but up 15.4% YoY.
• TSMC reported Q1 revenue of ~$16.69B up 3.6% YoY.