Highlights of the day: 28 November

FinMeUp highlights of the day

South Africa

Invicta Holdings Limited- Results for the six months ended 30 September 2022

• Revenue grew by 7.2% to R3 830 652 000.
• Basic EPS from continuing operations grew by 28.9% to 272 cents per share.
• Net asset value per ordinary share grew by 16.8% to 4 101 cents per share.

Reunert Limited- Results and cash dividend for the year ended 30 September 2022

• Revenue grew 16% to R11 129 million.
• EPS grew by 8% to 520 cents per share.
• The company declared a gross final cash dividend of 224.0 cents per ordinary share which will be paid on Monday, 23 January 2023.

Rand Merchant Investment Holdings Limited

• The company will change its name from Rand Merchant Investment Holdings Limited to OUTsurance Group Limited.

Sibanye Stillwater Limited

• The company has approved the implementation of the Keliber project and will now begin construction of the Kokkola lithium hydroxide refinery.

The U.S.

Amazon

• Amazon plans to shut down its distribution business in India.

Tesla

• The Tesla team just completed a 500-mile drive with a Tesla Semi weighing in at 81,000 lbs according to Elon Musk
• Tesla is developing a revamped version of the Model 3, production will start in Q3 2023.

Sony & Honda

• Sony and Honda are considering putting a PlayStation 5 into their upcoming electric vehicle.

Shopify

• Shopify reported $3.36B in Black Friday sales, up 17% from 2021.

Elon Musk / Twitter

• Elon Musk says he will make a competing smartphone if Android and Apple remove Twitter from their App stores.

Disney

• Avatar 2 Is So Expensive It Must Become the Fourth or Fifth Highest-Grossing Film in History Just to Break even.

Meta

• Meta has been fined $227M for a data leak on half a billion of its users.