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	Shares	Max Price
02 Oct 25	SellR6,533,767	Gideon Smith	Individual	75,000	R87.50
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: TGA insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of TGA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	838,404	0.649%
Institutions	61,301,819	47.5%
General Public	67,050,472	51.9%

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

Top Shareholders

Top 25 shareholders own 47.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.9%	Allan Gray Proprietary Ltd.	14,074,522	R1.1b	105%	0.46%
9.81%	Public Investment Corporation Limited	12,671,023	R970.0m	-24.8%	0.06%
4.45%	JPMorgan Chase & Co.	5,754,383	R440.5m	-8.53%	no data
3.87%	The Vanguard Group, Inc.	5,000,706	R382.8m	-0.95%	no data
3.28%	Quantex AG	4,240,000	R324.6m	0%	0.85%
3.23%	BlackRock, Inc.	4,171,017	R319.3m	6.56%	no data
2.09%	Mirae Asset Global Investments Co., Ltd.	2,697,042	R206.5m	8.77%	0.01%
1.63%	Dimensional Fund Advisors LP	2,108,809	R161.4m	0.03%	no data
0.85%	Momentum Multi-Manager (Pty) Ltd	1,097,532	R84.0m	109%	0.7%
0.78%	Old Mutual Customised Solutions (Pty) Limited	1,008,256	R77.2m	14.8%	0.42%
0.69%	Abax Investments Proprietary Limited	890,000	R68.1m	0%	1.19%
0.65%	American Century Investment Management Inc	845,387	R64.7m	5.96%	no data
0.61%	FMR LLC	783,388	R60.0m	1.03%	no data
0.59%	Polaris Capital South Africa	760,000	R58.2m	0%	0.33%
0.56%	Sanlam Investment Management (Pty) Ltd.	729,577	R55.8m	-6.37%	0.03%
0.49%	July Ndlovu	637,350	R48.8m	8.35%	no data
0.44%	Momentum Asset Management (Pty) Ltd.	569,548	R43.6m	256%	0.33%
0.41%	CQS (UK) LLP	535,577	R41.0m	0%	0.44%
0.35%	Strategic Advisers LLC	453,548	R34.7m	0.17%	no data
0.27%	First Trust Advisors LP	345,232	R26.4m	2.27%	no data
0.25%	Aberdeen Group Plc	323,248	R24.7m	-31.6%	no data
0.25%	Old Mutual Investment Group South Africa (Pty) Limited	321,062	R24.6m	-20.5%	no data
0.25%	State Street Global Advisors, Inc.	317,501	R24.3m	1.52%	no data
0.23%	STANLIB Asset Management (Pty) Limited	299,895	R23.0m	-53.9%	0.06%
0.21%	Taquanta Asset Managers (Pty) Ltd.	274,250	R21.0m	0.21%	0.1%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/02 01:13
End of Day Share Price	2025/10/31 00:00
Earnings	2025/06/30
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 6 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.

Analyst	Institution
Herbert Kharivhe	Absa Bank Limited
Ephrem Ravi	Citigroup Inc
Brian Morgan	Morgan Stanley