Highlights of the day: 1 September

FinMeUp highlights of the day

South Africa

Clientele Limited- Results for the year ended 30 June 2022

• Net profit for the year grew 11% to R435 469 000.
• EPS grew 11% to 129.87 cents per share.
• The board has declared a final gross dividend of 120 cents per share, to be paid on Monday, 26 September 2022.

Impala Platinum Holdings Limited- Results for the financial year ended 30 June 2022

• Revenue decreased 8.7% to R118 332 million.
• Gross profit decreased 22.8% to R41 285 million.
• Basic EPS decreased 35.7% to 3 856 cents per share.
• The board has declared a final gross cash dividend of 1 050 cents per share, to be paid on Monday, 26 September 2022.
• A five-year wage agreement was secured for South African operations.
• 38% holding in Royal Bafokeng Platinum secured by year end.

African Rainbow Minerals Limited- Results for the Financial Year Ended 30 June 2022

• Headline earnings decreased by 13% to R11 338 million.
• The board declared a final dividend of R20.00 per share, to be paid on Monday, 3 October 2022.
• The acquisition of Bokoni Platinum Mine was completed on 12 August 2022 for a total consideration of R3 500 million, which will be settled in early September.
• ARM coal loans owing to Glencore were fully settled.
• Net cash improved by R2 973 million to R11 175 million.

Santam Limited- Interim Financial Results for the six months ended 30 June 2022 

• Gross written premium grew 23% to R24 743 million.
• Conventional insurance gross written premium grew 7% to R16.5 billion.
• Basic EPS decreased 51% to 425 cents per share.
• The board has declared a gross interim dividend of 462.00 cents per share, up 7%, to be paid on Monday, 26 September 2022.

ABSA Group Limited

• Barclays PLC has agreed to sell its remaining stake in ABSA.
• Barclays will sell 63 072 652 shares at R169 per share.

The U.S.

SpaceX

• NASA has awarded SpaceX more crew flights to Space Station.
• "The value of this modification for all five missions and related mission services is $1,436,438,446".

Toyota

• Toyota plans to hike the price of steel supplies for parts makers by up to 30%.

Netflix

• Netflix wants to charge brands premium prices for advertisements.
• Netflix plan on charging $65 per thousand viewers.

Semiconductors

• The USA has restricted the sale of sophisticated chips to China and Russia. 
• Nvidia says new license requirements may impact its ability to complete its development of H100 in a timely manner or support existing customers Of A100.

Tesla

• Tesla's sales in China for August are expected to reach 77 000 units, up from 28 000 in July.

Nio

• NIO delivered 10,677 vehicles in August up 81.6% YoY.
• NIO has now delivered 71,556 vehicles so far in 2022 up 28.3% YoY.

Biggest winners and losers

JSE

• Aspen +6.37%
• Implats -6.2%

U.S.

• AbbVie +1.62%
• Nvidia -8.88%

Crypto

• Bitcoin -1.5%
• Ethereum -1.2%
• BNB -3.3%