The Daily Update: 24 April

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

South Africa

Purple Group Limited- Results for the six months ended 28 February 2023

• EasyEquities Active clients increased by 23.8% to 831 082.
• EasyEquities Client assets increased by 15.6% to R42.6 billion.
• Group revenue increased by 6.7% to R146.0 million.
• The Group generated a basic loss and headline loss per share of 0.85 cents per share.
• The Groups net asset value per share increased by 8.9% to 38.72 cents.

Oceana Group Limited- Trading statement

• EPS is expected to be between 307.4 cents and 283.4 cents representing an increase of between 156% and 136%.

Coronation Fund Managers Limited- Trading statement and assets under management

• EPS is expected to be between a loss per share of 2 cents and 21.9 cents, representing a decrease of between 101% and 111%.

Merafe Resources Limited- Production report for the quarter ended 31 March 2023

• Attributable ferrochrome production increased by 3% to 103 kt.

Capital Appreciation Limited

• Capital Appreciation Limited (CTA) has concluded agreements to acquire 100% of Dariel Solutions Proprietary Limited (Dariel) for R131.2 million.
• The acquisition will be settled by a combination of cash and the allotment of ordinary shares.
• Dariel provides software engineering/development and related activities, with a strong focus on software for financial institutions and others in the financial services and "Fintech" sectors.
• The acquisition is subject to certain suspensive conditions, including Competition Act approvals and satisfactory due diligence results.
• CTA believes the acquisition is consistent with its investment philosophy of investing in asset-light companies that deliver innovative and disruptive FinTech solutions to mainly institutional clients.

The U.S.

Coca-Cola Earnings

• EPS of $0.68 beating expectations of $0.65.
• Revenue of $11B beating expectations of $10.8B.

Disney

• Disney has begun its second, larger round of layoffs, bringing the total to 4,000 jobs cut.