The Daily Update: 28 February

The latest updates from the JSE and NYSE over the past 24 hours.

South Africa

SA greylisting

Greylisting refers to the identification and monitoring of countries that are considered high-risk for money laundering and terrorist financing. Article explaining the repercussions is on the app.

Capitec Bank Holdings Limited

• The board has declared a preference share dividend of 417.45 cents per share and will be paid on the 20th of March 2023.

Sibanye Stillwater Limited- Results for the six months and year ended 31 December 2022 Short form announcement.

• Revenue fell from R70 379 million to R67 909 million.
• EPS fell from 426 cents per share to 225 cents per share.
• Strong balance sheet maintained with net cash of R5.9 bn (US$344m).
• Profit for the period of R19bn (US$1.2bn) compared to R33.8bn (US$2.3bn) for 2021.
• Final dividend of 122 SA cents per share.

The U.S.

Elon Musk

• Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAIs ChatGPT.

Robinhood

• Robinhood has announced that it was subpoenaed by the SEC back in December as the regulator investigates its cryptocurrency business.

Apple

• Prototypes for Apple's upcoming mixed-reality headset feature in-air typing tech that uses hand and eye movements.

Tesla

• Following a call between Tesla CEO Elon Musk and Mexican President Andres Manuel Lopez Obrador, officials say a deal should be announced any day for a Tesla factory in Mexico.