Africa’s largest asset manager invests $494 million in Neal Froneman-led Sibanye
Sibanye receives a significant boost with a nearly $500 million investment from the South African government's wholly-owned asset management firm.
Sibanye-Stillwater
Sibanye, led by South African tycoon Neal Froneman, reports $379 million loss for first half of 2024
The results mark a stark contrast to the same period in 2023, when Sibanye posted a profit of R7.8 billion ($427 million).
Swiss bank sells $11.8-million stake in South African tycoon Neal Froneman-led Sibanye-Stillwater
UBS disposed of R216.17 million ($11.8 million) in shares on Sept. 26, 2023, trimming its holding from 5.07 percent to 3.26 percent.
JP Morgan invests $215 million in South African tycoon Neal Froneman-led Sibanye-Stillwater
JP Morgan’s investment signals confidence in Sibanye-Stillwater’s ability to weather financial challenges and highlights the growth potential of the mining sector.
South African tycoon Neal Froneman-led Sibanye seeks debt covenant relief after profit plunges
Sibanye-Stillwater under Froneman faces a critical juncture, needing to navigate a series of impairments and potential covenant breaches to secure its financial future.
Sibanye-Stillwater stumbles under South African tycoon Neal Froneman with $132-million loss in 2023
The $132.1-million loss stemmed from writedowns on subsidiary investments totaling $2.27 billion under Froneman, reflecting lower prices for platinum, palladium, and rhodium.
South African tycoon Neal Froneman-led Sibanye considers cutting 4,000 jobs in major gold restructuring
Froneman underlines restructuring need to fortify balance sheet
South African mining mogul Neal Froneman’s Sibanye stake hits $10.5 million
This surge in his fortune cements Froneman’s position as a key figure in South Africa’s mining sector.
Sibanye led by South African exec Neal Froneman completes $155.9-million acquisition of U.S. metal business
The $155.9-million cash purchase consideration for Reldan was financed through a $500-million senior unsecured guaranteed convertible bond issued in November 2023.
South African exec Neal Froneman views Sibanye-Stillwater’s rights offer as a last resort
Speaking at the group’s annual results presentation, Froneman stressed that such an offer would be a last resort measure.