Highlights of the day: 7 December

FinMeUp highlights of the day

South Africa

Nampak Limited

• PSG Asset Management has acquired shares in the company and now holds 6.23% of the total issued ordinary shares of the Company.
• Standard Bank has acquired shares in the company and now holds 7.69% of the total issued ordinary shares of the company.

Naspers Limited- Update on repurchase program

• The Group repurchased 850 610 Naspers for a total consideration of ZAR2 211 829 561.

Prosus- Update on repurchase program

• Prosus repurchased 5 156 456 Prosus shares for a total consideration of US$328 323 123.

Renergen Limited

• Renergen has announced that South Africas first domestically produced LNG has been delivered.

Sanlam Limited- Operational update for the 10-month period ended 31 October 2022

• The group net result from financial services decreased by 1%
• Net operational earnings declined by 6%.
• Life insurance new business volumes decreased by 4% to R54.4 billion.
• Net client cash inflows decreased by 6% to R57.4 billion.

The U.S.

Meta

• Metas targeted ads model is facing restrictions in Europe.

Apple

• Apple has unveiled a new feature Apple Music Sing that allows users to sing along to their favorite songs with adjustable vocals and real-time lyrics."
• Apple has delayed the launch of its self-driving cars until 2026.
• Apple will build chips in the US for the first time in nearly a decade, working with Taiwan Semiconductor.

Morgan Stanley

• Morgan Stanley has fired about 2% of its staff.

Tesla

• Tesla has begun revamping its Model 3 production line at its Fremont factory.

Mastercard

• Mastercard raised its quarterly dividend by 16% to $0.57 per share and also announced a new $9 Billion share buyback program.

Taiwan Semiconductor

• Taiwan Semiconductor expects $10 billion in annual revenue from its Arizona factory.
• .

Uber

• Uber and Motional just announced the launch of their public robotaxi service in Las Vegas, NV.

Robinhood- November operating data

• Net Cumulative Funded Account of 23M up 1.3% YoY.
• Monthly Active Users of 12.5M down 33% YoY.
• Assets under the custody of $70.2B.

Lowes

• Lowes has announced a new $15 Billion share buyback program.