The Daily Update: 1 August

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

South Africa

Aspen Pharmacare Holdings Limited

• Aspen Holdings' wholly owned subsidiary, Aspen Global Incorporated (AGI), will acquire the commercialization rights and related intellectual property for a portfolio of branded products in Latin America from Viatris Inc. for USD 280 million.
• The consideration for the acquisition includes a cash payment of USD 150 million and an extension of supply terms to Viatris.
• The key products in the portfolio are Lipitor, Viagra, Lyrica, Zoloft, Norvasc, and Celebrex.
• The Products generated approximately USD 92 million in sales in the year ended 31 December 2022.

Sibanye Stillwater

• Sibanye-Stillwater advises stakeholders of an incident at its Kloof 4 (Ikamva) shaft in South Africa, which occurred on 30 July 2023 during a standard safety trial run of the conveyance system.
• Infrastructure damage occurred when the ascending counterweight to the conveyance encountered an unknown obstruction in the shaft, causing several ballast plates to fall down the shaft.
• Access to underground levels between 39 and 46 levels has been restricted as a result of the incident.
• The incident happened between shifts, and all employees below 39 level were brought to the surface safely, without any reported injuries.
• Operations at Kloof 4 shaft have been suspended while investigations are underway.
• Kloof 4 shaft contributes about 14% of the annual gold production from the SA gold operations (excluding DRDGOLD).
• The shaft produces an average of approximately 9,650 oz (300 kg) of gold per month or 115,743 oz (3,600 kg) annually.

Royal Bafokeng Platinum Limited

• EBITDA decreased by 85.1% to R507.4 million (compared to H1 2022: R3,406.1 million).
• Revenue declined by 29.0% to R5,805.4 million (compared to H1 2022: R8,173.4 million).
• Loss per share of 117.0 cents (compared to H1 2022: earnings per share of 765.4 cents).
• Net cash position of R4,538.4 million (compared to H1 2022: R4,883.8 million).
• Capital expenditure for the period amounted to R731 million (compared to H1 2022: R820 million).
• The operating environment was challenging due to a decline in the basket price and inflationary pressure on operating costs.
• Weakening rand against the US dollar contributed to higher inflation and cost pressures.

Anglogold Ashanti Limited

• EPS is expected to decline by between 82% and 92%.

The U.S.

Nio

• Nio delivered 20,462 vehicles in July up 103.6% YoY and up 91% MoM.

LI Auto

• Li Auto delivered 34,134 vehicles in July up 227.5% YoY and up 5% MoM.

XPeng

• Xpeng delivered 11,008 vehicles in July down 4.5% YoY but up 28% MoM.

Uber

• Uber CEO "We plan to be profitable every quarter going forward".
• EPS of $0.18 beating expectations of $0.14.
• Revenue of $9.2B missing expectations of $9.34B.

Pfizer earnings

• EPS of $0.67 beating expectations of $0.58.
• Revenue of $12.7B missing expectations of $13.4B.