African Rainbow Minerals Limited

OTCPK:AFBO.F Stock Report

Market Cap: US$2.6b

African Rainbow Minerals Management

Management criteria checks 3/4

African Rainbow Minerals' CEO is Velile Tobias, appointed in May 2023, has a tenure of 2.83 years. directly owns 0.027% of the company’s shares, worth $701.53K. The average tenure of the management team and the board of directors is 4.1 years and 7 years respectively.

Key information

Velile Tobias

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure2.8yrs
CEO ownership0.03%
Management average tenure4.1yrs
Board average tenure7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Velile Tobias's remuneration changed compared to African Rainbow Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

R2b

Sep 30 2025n/an/a

R1b

Jun 30 2025n/an/a

R330m

Mar 31 2025n/an/a

R2b

Dec 31 2024n/an/a

R3b

Sep 30 2024n/an/a

R3b

Jun 30 2024R14mR9m

R3b

Mar 31 2024n/an/a

R4b

Dec 31 2023n/an/a

R5b

Sep 30 2023n/an/a

R6b

Jun 30 2023R16mR7m

R8b

Mar 31 2023n/an/a

R11b

Dec 31 2022n/an/a

R13b

Sep 30 2022n/an/a

R13b

Jun 30 2022R11mR4m

R12b

Compensation vs Market: Insufficient data to establish whether Velile's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Velile's compensation has been consistent with company performance over the past year.

CEO

Velile Tobias (54 yo)

2.8yrs
Tenure
R13,849,000
Compensation

Mr. Velile Phillip Tobias, BSc (Mining Engineering), serves as Chief Executive Officer and Executive Director of African Rainbow Minerals Limited since May 1, 2023. He was Chief Operating Officer of Africa...

Leadership Team

NamePositionTenureCompensationOwnership
Velile Tobias
CEO & Executive Director2.8yrsR13.85m0.027%
$ 701.5k
Tsundzukani T. Mhlanga
Finance Director & Executive Director5.4yrsR17.63m0.028%
$ 735.1k
André Joubert
Chief Executive of ARM Ferrous13.7yrsR21.20mno data
Jacob van der Bijl
Chief Operating Officerless than a yearno datano data
Mitesh Takoordeen
Chief Information Officerno datano datano data
Thabang Thlaku
Executive of Investor Relations & New Business Developmentno datano datano data
Princess Thwala
Group Executive of Compliance & Stakeholder Relationsno datano datano data
Lucas Moalusi
Group Executive of Legal6.2yrsno datano data
Busisiwe Mashiane
Group Executive of Human Resources11.7yrsno datano data
Derrick King
Senior Executive Finance-Corporate & Taxno datano datano data
Thando Mkatshana
Chief Executive of ARM Technical Servicesless than a yearno datano data
Johan Jansen
Acting Chief Executive of ARM Platinumless than a yearno datano data
4.1yrs
Average Tenure
54.5yo
Average Age

Experienced Management: AFBO.F's management team is considered experienced (4.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Velile Tobias
CEO & Executive Director2.8yrsR13.85m0.027%
$ 701.5k
Tsundzukani T. Mhlanga
Finance Director & Executive Director5.4yrsR17.63m0.028%
$ 735.1k
Brian Kennedy
Independent Non Executive Director3.4yrsR1.16mno data
Anton Botha
Independent Non-Executive Director17.2yrsR1.76mno data
Frank Abbott
Independent Non-Executive Director22.2yrsR1.58mno data
Patrice Motsepe
Non-Executive Chairman22.8yrsR38.46m0.059%
$ 1.5m
Thomas Boardman
Independent Non-Executive Director15.1yrsR2.48mno data
Peter Steenkamp
Independent Non-Executive Director1.1yrsno datano data
Jan Steenkamp
Independent Non-Executive Director8.4yrsR1.27m0.13%
$ 3.4m
David Noko
Lead Independent Non-Executive Director8.4yrsR1.59mno data
Bongani Nqwababa
Independent Non Executive Director3.4yrsR1.36mno data
Pitsi Mnisi
Independent Non-Executive Director5.5yrsR1.39mno data
7.0yrs
Average Tenure
64.5yo
Average Age

Experienced Board: AFBO.F's board of directors are considered experienced (7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/17 00:59
End of Day Share Price 2026/02/25 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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

African Rainbow Minerals Limited is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ayan GhoshAvior Capital Markets
Caroline LearmonthBarclays
Patrick MannBofA Global Research