Neal Froneman
Swiss bank sells $11.8-million stake in South African tycoon Neal Froneman-led Sibanye-Stillwater
UBS disposed of R216.17 million ($11.8 million) in shares on Sept. 26, 2023, trimming its holding from 5.07 percent to 3.26 percent.
JP Morgan invests $215 million in South African tycoon Neal Froneman-led Sibanye-Stillwater
JP Morgan’s investment signals confidence in Sibanye-Stillwater’s ability to weather financial challenges and highlights the growth potential of the mining sector.
South African tycoon Neal Froneman-led Sibanye seeks debt covenant relief after profit plunges
Sibanye-Stillwater under Froneman faces a critical juncture, needing to navigate a series of impairments and potential covenant breaches to secure its financial future.
Sibanye-Stillwater stumbles under South African tycoon Neal Froneman with $132-million loss in 2023
The $132.1-million loss stemmed from writedowns on subsidiary investments totaling $2.27 billion under Froneman, reflecting lower prices for platinum, palladium, and rhodium.
South African tycoon Neal Froneman-led Sibanye considers cutting 4,000 jobs in major gold restructuring
Froneman underlines restructuring need to fortify balance sheet
Sibanye mulls $500-million metals streaming deal under South African tycoon Neal Froneman
Froneman underscored the importance of fortifying liquidity buffers to mitigate potential downturns. He explicitly ruled out equity issuance as a means of capital procurement.
South African mining mogul Neal Froneman’s Sibanye stake hits $10.5 million
This surge in his fortune cements Froneman’s position as a key figure in South Africa’s mining sector.
South African mogul Neal Froneman’s investment in Sibanye eyes $10-million valuation
According to data tracked by Billionaires.Africa, the recent surge in Sibanye shares on the JSE has resulted in a notable increase in Froneman’s stake.
South African exec Neal Froneman views Sibanye-Stillwater’s rights offer as a last resort
Speaking at the group’s annual results presentation, Froneman stressed that such an offer would be a last resort measure.
South African tycoon Neal Froneman-led Sibanye cuts 2,600 jobs at platinum mines
Froneman emphasized the necessity of these measures, affirming that the restructuring initiative aims to salvage the sustainability of the company’s operations.
South African tycoon Neal Froneman-led Sibanye suffers $2.52-billion impairment
Froneman, instrumental in driving Sibanye’s transformation into a leading producer of platinum, palladium, and gold, presently holds a 0.3-percent stake in the group.
South African mogul Neal Froneman remains resilient in Sibanye’s copper asset pursuit
Froneman emphasized the challenges of the current copper market, acknowledging its prior overheating but highlighting a gradual recovery.
South African mining mogul Neal Froneman loses $1 million in 33 days
Despite grappling with this recent financial setback, Froneman remains a pivotal figure within South Africa’s mining industry.
South African business executive Neal Froneman gains $3.4 million in 36 days
Sibanye-Stillwater has experienced a remarkable surge in recent months.
Neal Froneman-led Sibanye commits $4.6 million to empower Rustenburg communities
Froneman expressed that the $4.6-million investment will be directed to address the needs and challenges faced by communities surrounding the Rustenburg operation.