WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2003/020161/06
Share code: WEZ
ISIN number: ZAE000075859
(“Wesizwe” or “the Company”)
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX
MONTHS ENDED 30 JUNE 2024
- SALIENT FEATURES
- Administration expenditure increased by 749% to R35.05 million, from R4.13 million in
the prior corresponding period. - Net foreign exchange gains of R170 million due to the strengthening of the Rand
against the US Dollar (2023: R1 783 million loss). - Direct investment in property, plant and equipment decreased by 37.5% to R0.5billion
from R0.8 billion in 2023. - Headline earnings per share and earnings per share increased by 66.99 cents to 7.36
cents per share (2023: headline loss of 59.63 cents per share). - The board of directors, after careful consideration, has elected to not declare a
dividend for the period ended 30 June 2023 (2022: nil).
- SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement (“Full
Announcement”) and does not contain full or complete details. The Full Announcement
can be found at:
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/WEZ/IntWEZ24.pdf
A copy of the Full Announcement is also available for viewing on the Company’s website
at https://wesizwe.co.za/wp-content/uploads/2024/03/wesizwe-interims-june-2024.pdf
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
These interim results have been reviewed by the Company’s auditors, SNG Grant
Thornton Inc. (“Auditor”) who has expressed a disclaimer of review conclusion thereon
due to the directors not being able to provide the Auditor with certain agreements from a
major shareholder committing funding for the foreseeable future. As a result, the Auditor
is not able to confirm or dispel whether the preparation of the financial statements using
the going concern basis of accounting is appropriate and accordingly do not express a
conclusion on the Interim Results.
Johannesburg
14 October 2024
Sponsor
PSG Capital