African Rainbow Minerals Ownership

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

Recent Insider Transactions

JSE:ARI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
16 Apr 24	SellR3,900,596	Jan Steenkamp	Individual		20,000	R195.03

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 ARI?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,116,295	0.569%
General Public	5,159,437	2.63%
Private Companies	91,017,733	46.4%
Institutions	98,759,573	50.4%

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

Top Shareholders

Top 25 shareholders own 92.86% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
45.9%	African Rainbow Minerals & Exploration Investments (Pty) Ltd.	89,905,401	R13.7b	0%	no data
10.6%	Public Investment Corporation Limited	20,817,900	R3.2b	0%	0.29%
5.27%	Coronation Fund Managers Limited	10,331,256	R1.6b	0%	0.67%
3.84%	Allan Gray Proprietary Ltd.	7,526,766	R1.1b	0%	0.62%
3.53%	FMR LLC	6,913,042	R1.1b	0%	no data
2.95%	BlackRock, Inc.	5,780,216	R878.6m	0%	no data
2.8%	Fairtree Asset Management (Pty) Ltd	5,486,258	R833.9m	0%	7.92%
2.16%	The Vanguard Group, Inc.	4,226,598	R642.4m	0%	no data
1.89%	LSV Asset Management	3,701,863	R562.7m	0%	0.06%
1.49%	Marathon Asset Management Limited	2,912,485	R442.7m	0%	0.15%
1.23%	Sanlam Investment Management (Pty) Ltd.	2,411,930	R366.6m	0%	0.24%
1.19%	Dimensional Fund Advisors LP	2,339,451	R355.6m	0%	no data
1.09%	State Street Global Advisors, Inc.	2,127,356	R323.4m	0%	no data
1.06%	Acadian Asset Management LLC	2,087,711	R317.3m	0%	0.04%
0.97%	Centaur Asset Management Ltd.	1,901,600	R289.0m	6.61%	3.76%
0.96%	Grantham Mayo Van Otterloo & Co. LLC	1,883,765	R286.3m	0%	0.04%
0.89%	Bateleur Capital Proprietary Limited	1,737,523	R264.1m	0%	30.8%
0.82%	Standard Bank Group, Asset Management Arm	1,614,970	R245.5m	0%	2.37%
0.79%	Norges Bank Investment Management	1,556,337	R236.6m	0%	no data
0.77%	Momentum Asset Management (Pty) Ltd.	1,513,252	R230.0m	0%	2.79%
0.71%	Mellon Investments Corporation	1,400,713	R212.9m	0%	0.01%
0.7%	GIC Asset Management	1,373,970	R208.8m	0%	1.4%
0.57%	Botho-Botho Commercial Enterprises (Pty) Ltd	1,112,332	R169.1m	0%	no data
0.41%	Michael Schmidt	809,361	R123.0m	0%	no data
0.3%	Old Mutual Customised Solutions (Pty) Limited	589,858	R89.7m	146%	0.68%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 11:58
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

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 here.

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 .

Analyst Sources

African Rainbow Minerals Limited is covered by 18 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
Ayan Ghosh	Avior Capital Markets
Caroline Learmonth	Barclays
Brian Morgan	BNP Paribas Securities (Asia)