Sephaku Holdings expects an increase in net asset value per share (NAVPS) of between 40% and 50% for the six months ended December 2010, compared with February 2010.

The company on Wednesday reported that the increase in NAVPS resulted mainly from the corporate actions undertaken during 2010, including the issue of shares for cash by Sephaku Cement to Dangote Industries, Nigeria’s largest cement company, to settle a loan of ZAR75.6m and the subscription of shares for an amount of ZAR703.4m.

The results for the six months ended December 2010 are expected to be published later this month.