Highlights of the day: 6 September

FinMeUp highlights of the day

South Africa

Woolworths Holdings Limited- Dealings in securities

• David Kneale, a director of Woolworths, purchased 8 500 shares at a total value of R511 700.00.

Shoprite Holdings Limited- Group results for the 52 weeks to 3 July 2022

• Sale of merchandise grew 9.6% to R184 078 million.
• Profit for the year grew 21.5% to R5 730 million.
• Basic EPS grew 22,9% to 1 046.5 cents per share.
• The Board has declared a final dividend of 367 cents per share, to be paid on Monday, 3 October 2022.

SA GDP Data

• The South African economy contracted by 0,7% in Q2: 2022.

The U.S.

Tesla

• Tesla is preparing to launch its electric vehicles in Thailand for the first time with a significant hiring spree.

Amazon

• Amazon is considering entering the prescription drug sales business in Japan.

Volkswagen

• Volkswagen is expected to approve the Porche IPO plan.

Chips act

• American President, Biden just released his implementation strategy for the $50B CHIPs act:
• $28B for "Large scale investments in leading-edge manufacturing."
• $10B for "New manufacturing capacity for mature & current-gen chips."
• $11B for "Initiatives to strengthen US leadership in R&D."

ManU

• The owners of Manchester United, the Glazer family, have reportedly placed a 3.75 Billion price tag on the team.
• The share price is currently up about 2% in pre-market trading.

Biggest winners and losers

JSE

• PSG Konsult +4.97%
• Shoprite -7.39%

U.S.

• Netflix -4.01%
• Pinduoduo -5.12%

Crypto

• Bitcoin -0.1%
• Ethereum +4.9%
• BNB +1.5%