Highlights of the day: 18 November

FinMeUp highlights of the day

South Africa

Montauk Renewables

• Montauk was ranked #1 in Sunday Times Top 100 companies.

Afine Investments Limited- Results 6 months ended 31 August & Declaration of Cash Dividend

• Revenue grew by 0.25% to R21 761 170.
• Profit from operating activities fell by 0.73% 
• The company declared a gross interim cash dividend of 19.3 cents per share which will be paid on Monday, 12 December.

Goldfields Group Limited- Emerald Auction Results

• Total auction revenues of $30.8 million.
• 92% of the lots were sold.
• 94% of the carats offered were sold.
• Kagems 2022 auction revenues have now set a new annual record of $149.4 million.

The U.S.

Twitter

• Twitters offices are temporarily closed and are due to open on November 21st.

Roku

• Roku is firing around 5% of its workforce which is about 200 employees.

Visa

• Visa has announced the appointment of Ryan McInerney as its next CEO, effective February 1st, 2023.

General Motors

• General Motors expects to build 400,000 EVs in North America from 2022 through the first half of 2024 and grow capacity to 1M units annually in North America in 2025.

Meta

• Mark Zuckerberg has told Meta employees that WhatsApp and Messenger are what will drive its next wave of sales growth.

Budweiser

• Budweiser paid $75 million to be a sponsor of the Fifa world cup in Qatar.
• However, Qatar is set to ban all beer sales at and around its World Cup stadiums just two days before the tournament begins.