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The Daily Update: 30 March

April 21, 2024
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FinMeUp
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FinMeUp

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

 

South Africa

Transaction Capital Limited- Dealings in securities

  • An associate of a director purchased 105 465 shares for a total value of R1 434 142.63.

Nampak Limited- Voluntary trading update

  • The group reported revenue growth of 5% for the current period, with pleasing growth in Bevcan Angola and Bevcan South Africa, but marginal declines in revenue for DivFood.
  • Operating profit is below trading profit due to net foreign currency losses.
  • Net interest paid increased by 45% compared to the prior period, resulting in a small loss after tax.
  • There has been a significant increase in the US dollar weighted average cost of capital (WACC) in Angola and Nigeria due to higher country risk premia.
  • Impairment tests are being conducted for the half year with material asset and goodwill impairments anticipated at 31 March 2023 in both Angola and Nigeria.
  • The trading environment and operational performance in metals, plastic, and paper are discussed in detail, with information provided on cash transfers and foreign exchange losses.

Bitcoin

  • Bitcoin is back up to $29K (R500,00)

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