Tiger Brands Ownership

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

Recent Insider Transactions

JSE:TBS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Feb 25	BuyR3,301,605	Tjaart Kruger	Individual	12,229	R270.53
25 Feb 25	BuyR492,805	Tjaart Kruger	Individual	1,856	R265.52
24 Feb 25	BuyR1,172,293	Tjaart Kruger	Individual	4,440	R264.03

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 TBS?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	6,814,725	4.53%
General Public	8,302,469	5.51%
Institutions	135,461,700	90%

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

Top Shareholders

Top 25 shareholders own 91.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21%	Silchester International Investors LLP	31,565,554	R10.8b	0%	2.44%
18.4%	Public Investment Corporation Limited	27,716,411	R9.5b	0%	0.58%
13.4%	Allan Gray Proprietary Ltd.	20,166,587	R6.9b	0%	2.6%
6.51%	Ninety One UK Limited	9,801,199	R3.3b	0%	0.24%
5.99%	Fidelity International Ltd	9,016,399	R3.1b	0%	0.07%
4.53%	Value Capital Partners (Pty) Ltd	6,824,756	R2.3b	0%	18.84%
4.49%	Samuel Sithole	6,764,900	R2.3b	0%	no data
4.24%	The Vanguard Group, Inc.	6,391,454	R2.2b	0%	no data
3.69%	Jupiter Fund Management Plc	5,557,343	R1.9b	0%	0.28%
1.85%	BlackRock, Inc.	2,786,952	R952.4m	6.73%	no data
1.19%	Dimensional Fund Advisors LP	1,794,477	R613.2m	3.45%	no data
0.94%	Sanlam Investment Management (Pty) Ltd.	1,416,225	R484.0m	0%	0.25%
0.69%	BNY Asset Management	1,032,359	R352.8m	0.44%	no data
0.57%	Schroder Investment Management Limited	864,661	R295.5m	0%	0.01%
0.55%	STANLIB Asset Management (Pty) Limited	835,314	R285.5m	0%	0.84%
0.5%	Strategic Advisers LLC	752,192	R257.1m	-62.5%	no data
0.43%	Momentum Asset Management (Pty) Ltd.	647,376	R221.2m	0%	1.6%
0.39%	Norges Bank Investment Management	581,860	R198.8m	0%	no data
0.33%	BLI - Banque De Luxembourg Investments S.A.	500,000	R170.9m	0%	0.12%
0.33%	Stanlib Collective Investments	496,030	R169.5m	0%	1.0%
0.29%	Cambria Investment Management, L.P.	430,680	R147.2m	4.51%	0.25%
0.27%	American Century Investment Management Inc	402,730	R137.6m	30.2%	no data
0.26%	State Street Global Advisors, Inc.	394,568	R134.8m	6.62%	no data
0.25%	Taquanta Asset Managers (Pty) Ltd.	373,617	R127.7m	0%	0.58%
0.2%	Portfoliometrix Asset Management SA (Pty) Ltd	306,373	R104.7m	0%	0.81%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/23 22:14
End of Day Share Price	2026/01/23 00:00
Earnings	2025/09/30
Annual Earnings	2025/09/30

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.

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

Tiger Brands Limited is covered by 14 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
Sidharth Saboo	Arqaam Capital Research Offshore S.A.L.
Detlef Winckelmann	Arqaam Capital Research Offshore S.A.L.
Paul Henri Steegers	BofA Global Research