July 27, 2024, 9:16 a.m.
Highlights of the day: 28 June
July 17, 2023
14
73
0
![FinMeUp](https://storage.googleapis.com/finmeup-core-prod.appspot.com/users/avatars/8C1ABB49-5711-41D5-944E-FB3B922DBEBE_600x600_NTez8NO.jpeg)
Author
FinMeUpFinMeUp highlights of the day
 
FinMeUp Mentorship Month!
We want to provide our community with the opportunity to engage with our team. A financial coach in your pocket! Do you have a question that youd like to ask? Great! Well answer them all! linktr.ee/FinMeUpLinks
 
South Africa
Grindrod- Trading statement
- EPS grew by more than 100% from a loss per share of 63.1 cents.
- HEPS grew by more than 100% from a HEPS of 0.7 cents.
Sun International- Business update
- The company says that its income in South Africa is nearly back to pre-Covid levels despite lower levels of international tourism.
- Income grew by 34.4% to R4 286 million
- Debt has decreased from R6.4 billion to R5.8 billion as a result of robust cash generation.
British American Tobacco- Dividend declaration
- The Board has declared an interim dividend of 217.8p per ordinary share, payable in four equal quarterly instalments of 54.45p per ordinary share.
- The dividends will be paid in May 2022, August 2022, November 2022 and February 2023.
Impala Platinum- Historic five-year wage settlement
- Impala Platinum Limiteds Rustenburg operations and Marula Platinum Limited have signed a historic five-year wage settlement with the Association of Mineworkers and Construction Union.
 
U.S.
Berkshire Hathaway
- Warren Buffett's Berkshire Hathaway has filed for its purchase of 794.4K shares of Occidental.
Nike Earnings
- EPS of $0.9 beating expectations of $0.81.
- Revenue of $12.2B beating expectations of $12.1B.
- The board of directors have also authorized an $18B, 4-year share buyback program.
Goldman Sachs
- Goldman Sachs plans to increase its quarterly dividend to $2.50 per share up from its previous dividend of $2.00 per share.
Morgan Stanley
- Morgan Stanley has announced it will pay a quarterly dividend of $0.775 per share up from its previous quarterly dividend of $0.70.
- Morgan Stanley has also authorized a $20B multiyear share buyback program.
Rivian
- Rivian has announced its opened three fast-charging sites this week in Colorado and California, "the first deployments in its nationwide Rivian Adventure Network".
Ernst & Young
- The SEC fined accounting giant Ernst & Young $100M.
- "Dozens of EY audit professionals sent or received answer keys to CPA ethics exams, while hundreds cheated on continuing professional courses to renew their licenses."
PayPal
- PayPal has unveiled its new business credit card with no annual fee and 2% cash back on all purchases.
 
Biggest winners and losers
JSE
- South32 +6.20%
- Shoprite -3.01%
US
- Marriot +2.42%
- AMD -2.58%
Crypto
- Bitcoin +0.8%
- Ethereum +2.8%
- BNB +3.6%