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: 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	838,404	0.651%
General Public	58,534,170	45.5%
Institutions	69,374,048	53.9%

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

Top Shareholders

Top 25 shareholders own 53.11% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.4%	Public Investment Corporation Limited	16,014,118	R2.6b	12.5%	0.16%
10.9%	Allan Gray Proprietary Ltd.	14,074,522	R2.3b	105%	0.85%
4.47%	JPMorgan Chase & Co.	5,754,383	R926.2m	0%	0.01%
4.1%	The Vanguard Group, Inc.	5,276,050	R849.2m	0.83%	no data
3.8%	BlackRock, Inc.	4,889,926	R787.0m	9.78%	no data
3.18%	Quantex AG	4,100,000	R659.9m	0%	1.74%
2.43%	Mirae Asset Global Investments Co., Ltd.	3,124,296	R502.9m	7.94%	0.02%
2.34%	Columbia Management Investment Advisers, LLC	3,014,379	R485.2m	64.4%	0.01%
1.58%	Dimensional Fund Advisors LP	2,030,177	R326.8m	0.5%	no data
0.91%	American Century Investment Management Inc	1,174,890	R189.1m	9.94%	no data
0.85%	Momentum Multi-Manager (Pty) Ltd	1,097,532	R176.6m	0%	1.4%
0.78%	Old Mutual Customised Solutions (Pty) Limited	1,008,256	R162.3m	0%	0.83%
0.69%	Abax Investments Proprietary Limited	890,000	R143.2m	0%	2.46%
0.6%	FMR LLC	775,772	R124.9m	1.13%	no data
0.59%	Polaris Capital South Africa	760,000	R122.3m	0%	0.8%
0.57%	Sanlam Investment Management (Pty) Ltd.	729,577	R117.4m	0%	0.06%
0.5%	July Ndlovu	637,350	R102.6m	0%	no data
0.44%	Momentum Asset Management (Pty) Ltd.	569,548	R91.7m	0%	0.69%
0.42%	CQS (UK) LLP	535,577	R86.2m	0%	0.89%
0.31%	First Trust Advisors LP	400,127	R64.4m	-0.88%	no data
0.25%	Aberdeen Group Plc	323,248	R52.0m	0%	no data
0.25%	Old Mutual Investment Group (Pty) Ltd	321,062	R51.7m	0%	0.02%
0.24%	State Street Global Advisors, Inc.	314,875	R50.7m	0.65%	no data
0.23%	Pacific Investment Management Company LLC	289,774	R46.6m	66.3%	0.01%
0.21%	Strategic Advisers LLC	275,169	R44.3m	-25.6%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/16 14:42
End of Day Share Price	2026/03/13 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