The Daily Update: 28 June

June 19, 2024

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


South Africa

Nedbank Group Limited- Dealings in securities

  • A prescribed officer sold 30 000 shares for a total value of R6.8 million.

Netcare Limited

  • Old Mutual Limited has purchased Netcare shares and now owns just over 5% of the Company.

Montauk Renewables Inc

  • Montauk plans to develop a renewable natural gas (RNG) facility in Orange County, California.
  • The facility is expected to have a production capacity of approximately 3,600 MMBtu per day and a targeted commissioning date in 2026.
  • The capital investment for the project is estimated to be between $85 million and $95 million.
  • The project aims to process large and growing volumes of biogas, exceeding the existing capacity of the company's Renewable Electric Generation (REG) facility.

Omnia Holdings Limited- Dealings in securities

  • A director, prescribed officer and company secretary collectively sold 81 153 shares for a total value of R4.7 million.

Naspers Dealings in securities

  • A director sold 19 900 shares for a total of R65 million.


The U.S.


  • Tesla has started to run some Google ads for the first time after Elon Musk said it would try advertising.


  • The Biden administration is considering new restrictions on exports of AI chips to China.


  • The ChatGPT app on iOS now lets paid users access and receive up-to-date information from the web using Microsofts Bing.


  • Square have announced the launch of the Square Credit Card which will run on the American Express network.

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