Highlights of the day: 6 October

FinMeUp highlights of the day

South Africa

Pan African Resources PLC

• Pan African Resources has completed the transaction to acquire Mogale Gold Proprietary Limited and Mintails SA Soweto Cluster Proprietary Limited.
• Both Mogale and Mintails are 100% owned by Mintails Mining SA Proprietary Limited, which was placed in provisional liquidation in 2018.
• The Sale Transaction aggregate cash consideration of ZAR50.0 million.

Life Healthcare Group Holdings Limited- Trading update for the twelve-month period to 30 September 2022

• Group revenue is expected to grow between 3-6%.
• Group normalised EBITDA is expected to fall between 0-3%.

Thungela Resources Limited

• The United National Transport Union has embarked on a strike after a wage deal proposed by Transnet was rejected.
• The strike commenced on 6 October 2022 and is likely to affect both rail and port services.
• Thungela can continue operations for another 7 days without using rail.
• If strikes extend to a two-week period, it would lead to a reduction of up to 300kt of export saleable production.

The U.S.

Microsoft

• Brazil's antitrust regulator today approved Microsoft's proposed acquisition of Activision Blizzard.

Costco

• Costco just reported net sales for September of $21.46 Billion up 10.1% YoY.

Amazon

• Amazon is planning to hire 150 000 employees for this upcoming holiday season.