Thungela Resources Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

JSE:TGA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
27 Mar 25	SellR898,702	July Ndlovu	Individual		8,341	R108.83
27 Mar 25	SellR483,292	Gideon Smith	Individual		4,487	R108.83

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TGA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	913,404	0.7%
Institutions	54,900,779	42.1%
General Public	74,672,926	57.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 41.81% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.9%	Public Investment Corporation Limited	16,841,548	R1.5b	-16.9%	0.12%
5.25%	Allan Gray Proprietary Ltd.	6,852,370	R594.5m	0%	0.29%
4.41%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	5,754,383	R499.2m	-8.53%	0.01%
3.96%	The Vanguard Group, Inc.	5,166,295	R448.2m	-0.36%	no data
3.63%	Quantex AG	4,740,000	R411.2m	0%	1.04%
2.95%	BlackRock, Inc.	3,844,143	R333.5m	4.31%	no data
1.67%	Dimensional Fund Advisors LP	2,173,117	R188.5m	-4.37%	no data
0.67%	Old Mutual Customised Solutions (Pty) Limited	878,007	R76.2m	999%	0.51%
0.6%	FMR LLC	780,602	R67.7m	-1.54%	no data
0.6%	American Century Investment Management Inc	779,646	R67.6m	21.2%	no data
0.6%	Sanlam Investment Management (Pty) Ltd.	779,177	R67.6m	-64.5%	0.04%
0.5%	STANLIB Asset Management (Pty) Limited	650,966	R56.5m	668%	0.2%
0.49%	July Ndlovu	637,350	R55.3m	8.35%	no data
0.41%	CQS (UK) LLP	535,577	R46.5m	0%	0.62%
0.4%	Momentum Outcome-based Solutions (Pty) Ltd.	525,851	R45.6m	19.7%	0.56%
0.38%	Smead Capital Management, Inc.	492,887	R42.8m	-3.77%	0.04%
0.36%	Aberdeen Group Plc	472,420	R41.0m	-14.3%	no data
0.35%	Strategic Advisers LLC	455,132	R39.5m	0.33%	no data
0.32%	Stanlib Collective Investments	414,278	R35.9m	330%	0.23%
0.31%	Old Mutual Investment Group South Africa (Pty) Limited	403,583	R35.0m	179%	0.01%
0.26%	First Trust Advisors LP	337,574	R29.3m	-7.35%	no data
0.24%	State Street Global Advisors, Inc.	317,023	R27.5m	2.58%	no data
0.21%	Taquanta Asset Managers (Pty) Ltd.	273,674	R23.7m	-0.77%	0.13%
0.18%	Gideon Smith	240,740	R20.9m	12.2%	no data
0.17%	Fidelity International Ltd	216,236	R18.8m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/08 06:42
End of Day Share Price	2025/07/08 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thungela Resources Limited is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Herbert Kharivhe	Absa Bank Limited
Ephrem Ravi	Citigroup Inc
Nkateko Mathonsi	Investec Bank Limited (SA)