The Daily Update: 21 August

April 16, 2024

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


South Africa

Curro Holdings Limited

  • Average learner numbers increased by 3% to 72,385 for the first half of 2023.
  • Revenue increased by 16% to R2 389 million
  • EBITDA increased by 21% to R566 million.
  • Recurring HEPS increased by 36% to 34.6 cents per share.
  • HEPS increased by 26% to 34.6 cents per share.
  • EPS increased by 21% to 33.4 cents per share.
  • The board decided not to declare a dividend for the six months ended 30 June 2023.

Thungela Resources Limited

  • Profit for the reporting period was R3.0 billion, a decrease from R9.6 billion in H1 2022.
  • Earnings per share decreased by 67% to 2,245 cents.
  • Adjusted operating free cash flow was R4.3 billion, compared to R8.9 billion in H1 2022.
  • Net cash position was R13.6 billion, compared to R14.8 billion in H1 2022.
  • Interim ordinary cash dividend declared of R10 per share (down 83%)
  • Zibulo North Shaft project approved, increasing life of mine by 10 years.
  • Ensham acquisition in Australia announced, contributing to geographical diversification.
  • Soft coal prices and Transnet Freight Rail underperformance affected performance.
  • Efforts to improve rail performance with collaboration between TFR and industry.

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