July 27, 2024, 9:16 a.m.
The Daily Update: 7 February
July 17, 2023
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FinMeUpThe latest updates from the JSE and NYSE in the past 24 hours.
 
South Africa
Santova Limited- General repurchase of shares
- Santova has repurchased 4 109 908 ordinary shares, representing 3.0% of the Companys issued share capital.
- The total value of the shares repurchased was R31 928 136.08.
Renergen Limited- Changes to the board
- Mr Alex Pickard and Mr Francois Olivier will step down as non-executive directors of the Company with immediate effect because Renergen is now producing both LNG and liquid helium.
- Ms Thembisa Skweyiya and Mr Dumisa Hlatshwayo have been appointed as independent non-executive directors of the Company with immediate effect.
Sasol Limited- Trading statement
- EPS is expected to be between R21,55 and R23.98, representing a decrease of between 0% and 10%.
- HEPS is expected to be between R29.84 and R31.36, representing an increase of more than 95%.
Renergen Limited- Accelerated Bookbuild Offering
- Renergen is selling 4 600 000 new shares to institutional investors through a process called an accelerated bookbuild and represents 3.2% of the company's existing shares.
- The sale will be conducted by Standard Bank of South Africa Limited and will happen immediately after the announcement.
- The shares will be sold in accordance with the company's existing authority to sell shares for cash, which was granted at the annual general meeting in June 2022.
- At 15:30, Renergen announced that the placement of 4 600 000 newly issued ordinary shares in the authorised but unissued share capital of the Company was successful.
- The placing shares were issued at R24.00 per placing share.
- The reason for the accelerated bookbuild offering is to raise funds required for phase 2 of the Virginia Gas Project.
 
The U.S.
- Google has confirmed that it is working on a ChatGPT competitor named Bard.
- Bard is currently in beta testing.
Roblox
- Cathie Wood and Ark Invest bought 130,100 more shares of Roblox today.
Pinterest Earnings
- EPS of $0.29 beating expectations of $0.27.
- Revenue of $877M missing expectations of $887M.
- Pinterest has also announced the authorization to repurchase up to $500M over the next 12 months.
Meta
- Meta is planning to revamp its Horizon Worlds metaverse app, seeking to draw in more teen and young-adult users after working to improve the services design.
- The new strategy includes opening up Horizon to teens aged 13 to 17. 
- The app is currently available to people 18 and older. 
- A teen launch for Horizon could happen as soon as March.