South32 Ownership

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

Recent Insider Transactions

JSE:S32 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Oct 25	BuyR2,219,467,415	Macquarie Investment Management Limited	Company	56,628,866	R39.57
14 Oct 25	SellR604,589,405	Macquarie Investment Management Limited	Company	15,504,321	R39.57
10 Oct 25	BuyR399,442,537	Macquarie Capital Investment Management LLC	Company	11,261,625	R35.47
09 Oct 25	SellR238,955,723	Macquarie Capital Investment Management LLC	Company	6,707,370	R35.63
12 Sep 25	BuyR3,011,426	Stephen Pearce	Individual	100,000	R30.11
22 May 25	BuyR1,399,456	Jane Nelson	Individual	40,000	R34.99
14 Feb 25	BuyR1,261,028	Stephen Pearce	Individual	30,000	R42.03

Insider Trading Volume

Insider Buying: S32 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of S32?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	5,620,707	0.125%
Public Companies	9,088,044	0.203%
State or Government	244,584,438	5.45%
Institutions	1,949,450,492	43.5%
General Public	2,275,708,967	50.7%

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

Top Shareholders

Top 25 shareholders own 46.29% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.26%	BlackRock, Inc.	325,414,558	R11.5b	39.3%	0.01%
7.2%	State Street Global Advisors, Inc.	322,808,238	R11.5b	0%	0.02%
6.16%	The Vanguard Group, Inc.	276,360,221	R9.8b	0%	0.01%
6.14%	Australian Super Pty Ltd	275,449,382	R9.8b	0%	0.81%
5.45%	The Republic of South Africa	244,584,438	R8.7b	-22.8%	no data
3.01%	Macquarie Investment Management Limited	134,968,711	R4.8b	0%	4.79%
2.04%	Macquarie Capital Investment Management LLC	91,435,484	R3.2b	5,030%	2.9%
1.39%	Norges Bank Investment Management	62,249,961	R2.2b	-22.8%	0.02%
1.28%	Dimensional Fund Advisors LP	57,374,449	R2.0b	0.8%	0.02%
0.76%	Geode Capital Management, LLC	34,201,618	R1.2b	1.48%	no data
0.72%	Nt-Comnwlth Super Corp	32,498,621	R1.2b	-0.58%	0.8%
0.7%	Van Eck Associates Corporation	31,325,706	R1.1b	23.1%	0.05%
0.59%	Allan Gray Proprietary Ltd.	26,682,276	R946.6m	0.39%	0.4%
0.55%	BetaShares Capital Limited	24,589,363	R872.3m	4.7%	0.21%
0.54%	Ninety One UK Limited	24,049,315	R853.2m	-6.83%	0.06%
0.43%	Charles Schwab Investment Management, Inc.	19,251,448	R683.0m	-1.21%	0.01%
0.32%	JP Morgan Asset Management	14,522,160	R515.2m	2.01%	no data
0.26%	Franklin Resources, Inc.	11,554,389	R409.9m	0.03%	0.01%
0.26%	UBS Asset Management AG	11,450,840	R406.2m	0%	no data
0.25%	Netwealth Investments Ltd.	11,178,364	R396.6m	22.3%	0.21%
0.24%	Northern Trust Global Investments	10,702,261	R379.7m	-1.02%	no data
0.21%	Allianz Asset Management GmbH	9,495,957	R336.9m	0%	0.02%
0.2%	Computershare Limited	9,088,044	R322.4m	-39.2%	no data
0.18%	Wilson Asset Management (International) Pty Ltd.	8,085,227	R286.8m	0%	0.5%
0.14%	Sjunde AP-fonden	6,412,579	R227.5m	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/17 11:49
End of Day Share Price	2025/11/14 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

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.

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

South32 Limited is covered by 37 analysts. 15 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
Izak Rossouw	Barclays
Izak Rossouw	Barclays