1 unchanged sentence
In addition to the tables below, see Note 4 to the unaudited condensed consolidated financial statements for a discussion of market risk.
−Removed: We have short-term borrowings which attract interest at rates that fluctuate based on changes in the South African prime interest rate.
−Removed: The following table illustrates the effect on our annual expected interest charge, translated at exchange rates applicable as of March 31, 2022, as a result of changes in the South African prime interest rate, assuming hypothetical short-term borrowings of ZAR 1.0 billion as of March 31, 2022.
+Added: We have short and long-term borrowings in South Africa which attract interest at rates that fluctuate based on changes in the South African prime and 3-month JIBAR interest rates.
+Added: The following table illustrates the effect on our annual expected interest charge, translated at exchange rates applicable as of September 30, 2022, as a result of changes in the South African prime and 3-month JIBAR interest rates, using our outstanding short and long-term borrowings as of September 30, 2022.
The effect of a hypothetical 1% (i.e.
−Removed: 100 basis points) increase and a 1% decrease in the South African prime interest rate as of March 31, 2022, are shown.
+Added: 100 basis points) increase and a 1% decrease in the interest rates applicable to the borrowings as of September 30, 2022, are shown.
The selected 1% hypothetical change does not reflect what could be considered the best- or worst-case scenarios.
−Removed: As of March 31, 2022
+Added: As of September 30, 2022
Annual expected interest charge
1 unchanged sentence
Estimated annual expected interest charge after hypothetical change in interest rates
−Removed: Interest on South Africa overdraft (South African prime interest rate)
+Added: Interest on South African borrowings
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.