Sibanye Stillwater Limited

JSE:SSW Stock Report

Market Cap: R60.5b

Sibanye Stillwater Management

Management criteria checks 3/4

Sibanye Stillwater's CEO is Neal Froneman, appointed in Jan 2013, has a tenure of 12.33 years. total yearly compensation is ZAR50.86M, comprised of 31.8% salary and 68.2% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth ZAR173.96M. The average tenure of the management team and the board of directors is 4.1 years and 9.3 years respectively.

Key information

Neal Froneman

Chief executive officer

R50.9m

Total compensation

CEO salary percentage31.85%
CEO tenure12.3yrs
CEO ownership0.3%
Management average tenure4.1yrs
Board average tenure9.3yrs

Recent management updates

Recent updates

author-image

Leadership Shifts And Cost Pressures Will Spark Battery Metals Turnaround

Apr 23 Leadership changes may lead to strategic shifts that could misalign with market expectations, affecting revenue growth and investor confidence.

Sibanye Stillwater Limited's (JSE:SSW) Share Price Boosted 35% But Its Business Prospects Need A Lift Too

Dec 22
Sibanye Stillwater Limited's (JSE:SSW) Share Price Boosted 35% But Its Business Prospects Need A Lift Too

Sibanye Stillwater (JSE:SSW) Might Have The Makings Of A Multi-Bagger

Dec 09
Sibanye Stillwater (JSE:SSW) Might Have The Makings Of A Multi-Bagger

Why The 22% Return On Capital At Sibanye Stillwater (JSE:SSW) Should Have Your Attention

Jun 12
Why The 22% Return On Capital At Sibanye Stillwater (JSE:SSW) Should Have Your Attention

Sibanye Stillwater Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Apr 27
Sibanye Stillwater Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Is Sibanye Stillwater (JSE:SSW) Using Too Much Debt?

Apr 23
Is Sibanye Stillwater (JSE:SSW) Using Too Much Debt?

CEO Compensation Analysis

How has Neal Froneman's remuneration changed compared to Sibanye Stillwater's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024R51mR16m

-R7b

Sep 30 2024n/an/a

-R30b

Jun 30 2024n/an/a

-R53b

Mar 31 2024n/an/a

-R45b

Dec 31 2023R56mR16m

-R38b

Sep 30 2023n/an/a

-R12b

Jun 30 2023n/an/a

R14b

Mar 31 2023n/an/a

R16b

Dec 31 2022R198mR14m

R18b

Sep 30 2022n/an/a

R19b

Jun 30 2022n/an/a

R20b

Mar 31 2022n/an/a

R27b

Dec 31 2021R292mR12m

R33b

Sep 30 2021n/an/a

R39b

Jun 30 2021n/an/a

R45b

Mar 31 2021n/an/a

R37b

Dec 31 2020R58mR13m

R29b

Sep 30 2020n/an/a

R20b

Jun 30 2020n/an/a

R10b

Mar 31 2020n/an/a

R5b

Dec 31 2019R32mR13m

R62m

Sep 30 2019n/an/a

-R1b

Jun 30 2019n/an/a

-R3b

Mar 31 2019n/an/a

-R3b

Dec 31 2018R36mR12m

-R2b

Compensation vs Market: Neal's total compensation ($USD2.82M) is above average for companies of similar size in the ZA market ($USD1.60M).

Compensation vs Earnings: Neal's compensation has been consistent with company performance over the past year.

CEO

Neal Froneman (64 yo)

12.3yrs

Tenure

R50,856,000

Compensation

Mr. Neal John Froneman, PR Eng., B.Sc. (Mech Eng.) (Ind. Opt), University of the Witwatersra, BCompt UNISA, has been the Chief Executive Officer of Sibanye-Stillwater Limited (formerly Sibanye Stillwater L...

Leadership Team

NamePositionTenureCompensationOwnership
Neal Froneman
CEO & Executive Director12.3yrsR50.86m0.29%
ZAR 174.0m
Charl Keyter
CFO, Interim Chief Commercial & Development Officer and Executive Director12.3yrsR23.54m0.022%
ZAR 13.2m
Robert Van Niekerk
Chief Technical & Innovation Officer5.1yrsR23.20m0.017%
ZAR 10.5m
Lerato Legong
Chief Legal Officer4.6yrsR14.02mno data
Richard Stewart
Chief Regional Officer of Southern Africa & Executive Director3yrsR20.56m0.028%
ZAR 16.9m
Themba Nkosi
Chief People & Culture Officer1.8yrsR14.57m0.0089%
ZAR 5.4m
Mika Seitovirta
Chief Regional Officer - Europe3.4yrsR26.65mno data
Charles Carter
Chief Regional Officer of Americas2.9yrsR33.98m0.019%
ZAR 11.5m
Melanie Naidoo-Vermaak
Chief Sustainability Officer1.3yrsR16.50mno data
James Wellsted
Executive Vice President of Investor Relations & Corporate Affairsno dataR4.28mno data
Kleantha Pillay
Executive Vice President of Sales & Marketing6.2yrsno datano data
Bheki Khumalo
Executive VP & Head of Group Human Resources4.1yrsno datano data

4.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: SSW's management team is considered experienced (4.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Neal Froneman
CEO & Executive Director12.3yrsR50.86m0.29%
ZAR 174.0m
Charl Keyter
CFO, Interim Chief Commercial & Development Officer and Executive Director12.5yrsR23.54m0.022%
ZAR 13.2m
Richard Stewart
Chief Regional Officer of Southern Africa & Executive Directorless than a yearR20.56m0.028%
ZAR 16.9m
Richard Menell
Non-Executive Director12.3yrsR2.71m0.00036%
ZAR 217.7k
Sindiswa Zilwa
Independent Non-Executive Director4.3yrsR2.35mno data
Harry James Kenyon-Slaney
Lead Independent Director6.3yrsR5.43m0.00060%
ZAR 362.8k
Timothy Cumming
Non-Executive Director12.3yrsR2.59m0.00071%
ZAR 429.3k
Philippe François Boisseau
Independent Non-Executive Director1.1yrsR2.49mno data
Keith Rayner
Independent Non-Executive Director12.3yrsR3.34m0.0028%
ZAR 1.7m
Thabane Maphai
Independent Non-Executive Chairman5.9yrsR3.87m0.0081%
ZAR 4.9m
Jeremiah Vilakazi
Independent Non-Executive Director12.3yrsR2.20m0.00015%
ZAR 90.7k
Elaine Dorward-King
Independent Non-Executive Director5.2yrsR4.20mno data

9.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: SSW's board of directors are considered experienced (9.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 13:34
End of Day Share Price 2025/05/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Sibanye Stillwater Limited is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wade NapierAvior Capital Markets
Andrew ByrneBarclays
Alexander Robert PearceBMO Capital Markets Equity Research