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Highlights of the day: 19 April

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

Load shedding crisis
- Over the past week, Eskom has used an enormous amount of diesel as well as emergency measures to keep the lights on. 
- Eskom says the power system continues to be fragile and unpredictable, and warns that any further deterioration in generation capacity may require higher stages of load shedding

Amazon
- Amazon will be conducting a racial equity audit, to support and increase diversity in the workplace. 
- The proposed audit is in response to pressure from shareholders, who are opposing Amazons alleged practice of putting the lives of workers of colour at risk in its warehouses.
- Amazon has asked shareholders to reject this proposal and instead they will increase the current efforts underway at the company to ensure racial diversity and equality.

Twitter
- Buyout firm, Apollo Global Management, has come to Elon Musks aid and has expressed interest in financing the deal to take Twitter private.

Biggest winners and losers: 
JSE
- Foschini Group +5.2%
- Vivo Energy  -4.0%

US
- Citizens Financial Group +7.25%
- Travelers -4%

Crypto
Great recovery for the crypto markets after yesterdays dump
- Bitcoin +5.4%
- Ethereum +6.1%
- Terra +10.4%


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