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Highlights of the day: 5 July

July 17, 2023
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FinMeUp 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

Mustek Limited

  • Neels Coetzee, an Executive Director of Mustek, will take over as Divisional Managing Director of Mustek, the biggest operating company in the Group.
  • Shabana Aboo Baker Ebrahim will take over as the Group Financial Director and assist the newly appointed CEO, Hein Engelbrecht.

Alphamin Resources Corp.

  • The company reported a record quarterly tin production of 3,180 tonnes.
  • Q2 EBITDA guidance of US$66.5m.
  • The board declared an Interim dividend for FY2022 of CAD$0.03 per share.

 

U.S markets

Tesla

  • Tesla is reportedly going to shut down production at Gigafactory Berlin in order to upgrade the factory and add a shift to achieve higher production capacity.
  • Tesla has been awarded patents for a Cantilever stator and an electronically controlled seat system with tilt-and-slide mode.

Ford

  • Ford has announced that it sold 152 262 vehicles in June, up 31.5% YoY.
  • The company sold a total of 4 353 EVs in June, up 76.6% YoY.

 

Biggest winners and losers

JSE

  • Naspers +2.27%
  • Anglo American -7.91%

US

  • Moderna +3.74%
  • ASML -6.28%

Crypto

  • Bitcoin -0.8%
  • Ethereum +0.4%
  • Cardano -2.9%

 


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