The Daily Update: 30 March

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)