Highlights of the day: 19 August

April 16, 2024

FinMeUp highlights of the day


South Africa

Purple Group

  • Purple Group have announced that EasyEquities have partnered with an E-wallet provider in the Asia Pacific region.
  • EasyEquities will reportedly launch investing services within the E-wallet application.
  • The E-wallet provider consists of tens of millions of users.

Standard Bank Group - Results announcement for the six months ended 30 June 2022

  • Total income grew 11% to R71 909 million.
  • Headline earnings grew 33% to R15 263 million.
  • EPS grew 34% to 961.4 cents per share.
  • ROE grew from 12.9% to 15.3%.
  • The board have declared an interim gross dividend of 515 cents per share payable by Monday, 12 September 2022.

Prosus N.V. & Naspers Limited

  • Prosus (Majority owned by Naspers) have entered into an agreement to acquire the remaining 33% stake in iFood Holdings B.V. for 1.5bn in cash.

Spur Corporation Limited- Audited Financial Statements for the year ended 30 June

  • Group revenue grew 32.5% to R2.4 billion.
  • Profit before income tax grew by 41.9% to R209.7 million.
  • HEPS grew by 31.0% to 144.22 cents.
  • The board declared a final gross dividend of 78 cents per share payable by Monday, 19 September 2022.


The U.S.


  • Paramount has agreed to pay $1.5 Billion to keep the rights to the Champions League in the US beating out companies like Amazon.


  • Google-owned YouTube Shorts will now have a watermark on the videos so if its shared elsewhere users will know the platform where it came.

General Motors

  • General Motors reinstated its quarterly dividend for the first time since April 2020.
  • General Motors declared a quarterly dividend of $0.09 per share.
  • They also announced it will resume its share buyback program increasing the size of the program to $5B up from $3.3B.

Deere earnings

  • EPS of $6.16 missing expectations of $6.69.
  • Revenue of $14.10B beating expectations of $12.78B.


Biggest winners and losers


  • Tiger Brands +1.67%
  • Implats -6.31%


  • General Motors +2.40%
  • HP -4.16%

Crypto (red day)

  • Bitcoin -8.4%
  • Ethereum -8.8%
  • BNB -8.1%


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