Highlights of the day: 5 October

FinMeUp highlights of the day

South Africa

Gold Fields Limited- Acquisition of shares

• Allan Gray has acquired shares of the company and now holds 5.0415% of the total issued ordinary shares of the Company.

Massmart Holdings Limited

• Massmart has initiated potential store closure consultations with staff members in their Game stores in East and West Africa.
• This comes as a result of not being able to sell the stores to investors.

Equites Property Fund Limited- Results for the six months ended 31 August 2022

• Gross property revenue grew 33.4% to R1 047 375 000.
• Distributable earnings grew 14.2% to R635 250 000.
• EPS fell 20.1% to 143.0 cents per share.

Anglo American PLC- Anglo American rough diamond sales value for De Beers eighth sales cycle of 2022

• The value of rough diamond sales for De Beers eighth sales cycle of 2022, amounting to $500 million, up from $492 million from the eighth sales cycle of 2021.

Stadio Holdings Limited- Acquisition of shares

• Coronation Asset Management Proprietary Limited acquired Stadio shares and now holds 16.15% of the total issued ordinary share capital of the Company.

The U.S.

Twitter

• Elon Musk has notified Twitter that he will go ahead with the transaction at $54.20 share.
• This values Twitter at $44 billion.

Pfizer

• Pfizer has announced it has completed its acquisition of Global Blood Therapeutics.

Google

• Google has announced its intention to create its first cloud region in Africa located in South Africa.