Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About
Market Risk
In addition to the tables below, see
Note 5 to the unaudited condensed consolidated financial statements for
a discussion of
market risk.
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. The
following table illustrates
the effect on
our annual expected
interest charge,
translated at exchange rates
applicable as of September
30, 2025, 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, 2025.
The effect
of a hypothetical
1% (i.e.
100 basis points)
increase and a 1%
decrease in the
interest rates applicable
to the borrowings
as of September
30, 2025, are shown.
The selected 1% hypothetical change does not reflect what could be considered
the best- or worst-case scenarios.
Table 11
As of September 30, 2025
Annual expected
interest charge
($ ’000)
Hypothetical
change in
interest rates
Estimated annual
expected interest
charge after
hypothetical change
in interest rates
($ ’000)
Interest on South African borrowings
22,926
1%
25,142
(1%)
20,709
52
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