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Highlights of the day: 22 September

June 19, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

SARB announces interest rate decision

  • The SARB has announced yet another 75 bps hike. 

Rand Merchant Investments Holdings Limited- Earnings and dividends declaration

  • Normalised earnings from continuing operations decreased 4% to R1 773 million.
  • The board declared a gross final cash dividend of 42.0 cents per ordinary share, to be paid on Monday, 24 October 2022.

Santova Limited- Acquisition of A-Link Freight, Inc.

  • Santova has announced that they have agreed to acquire 100% of the share capital or assets of A-Link Freight, Inc. from Universal Shipping, Inc.
  • The acquisition of the U.S.-based A-Link Freight will cost Santova US$2 350 000.
  • A-Link Freights provides air freight services to and from the U.S. with a focus on exports from the L.A. Airport.
  • The company has been operating for over 20 years.

 

The U.S.

General Motors

  • General Motors will close reservations for its electric GMC Hummer pickup and forthcoming GMC Hummer SUV after more than 90,000 of the vehicles were reserved.

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