US EditionPIC takes new shares worth $11.85 million in Neal Froneman-led Sibanye
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PIC takes new shares worth $11.85 million in Neal Froneman-led Sibanye
Key PointsPIC raises Sibanye stake to 15.409%, investing R218 million ($11.85 million), signaling confidence as CEO Neal Froneman prepares to exit.The investment follows Sibanye’s narrowed 2024 loss and early restructuring efforts amid recovering gold prices and easing commodity pressures.PIC’s move aligns with a broader strategy backing high-potential South African firms, including recent investments in Northam, Grindrod, and Clicks.Africa’s la…
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