Fact sheet: Creating shared value, August 2023 -August 15,


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06:00:00 2023-08-10 pm EDT

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31.98 ZAR




August 15, 2023 at 04:40 am


August 2023




Sibanye-Stillwater’s vision is to be a leader in superior shared value for all stakeholders. This speaks to our conviction that our responsibly derived minerals are the source of significant economic, social and environmental benefit for our stakeholders. The sustainable management of our operations is integral to our ability to

obtain and maintain our social licence to operate, generating long-term value for all of our stakeholders.

Our decade-long journey of growth and diversification has seen significant value creation for all stakeholders.

Creating superior shared value for all stakeholders is central to our business approach. This is captured by our Umdoni tree, which symbolises our business ethos, reflecting a culture that embraces stakeholder capitalism and shared value.

A key SLP objective is to utilise and expand existing educational skills and capacity – to empower and serve our communities


Sibanye-Stillwater lists with market capitalisation of R10 billion

The number of employees and

2023 contractors increased by 133% from

36,274 to 84,481

Sibanye-Stillwater’s market capitalisation increased to R104 billion, a compound annual growth rate of 26.35%

Annual socio-economic development and Corporate Social Investment (CSI) spending increased from R1.05 billion to R2.3 billion

36,274 employees incl. contractors

R6.15 billion paid in salaries and benefits

R1.05 billion invested insocio-economicdevelopment and CSI

R554 million taxes and royalties¹

Tax and royalty payments increased from R554 million to R10.7 billion

Annual investment in training

and development increased from R316 million to R1 billion

Salary and benefit payments increased from R6.15 billion to R26 billion

  • In addition, in the last two yearsR1.4 billion has been paid to 46,000 employees in dividends and other employee share scheme benefits

R316 million invested in training and development

Our value creation goes beyond dividends, salaries, and monetary contributions. We measure success through our ability to effect substantial societal change and uplift and develop communities.

Our strategic approach is to be a

to tangible, comprehensive

force for good and ensure long-

Environmental, social and governance

term, sustainable benefits for all

(ESG) applications, pushing

stakeholders. We move beyond

boundaries in ethical leadership,

simply complying with CSI and Social

corporate citizenship,

and Labour Plan (SLP) requirements

and sustainability.



“Collaboration is key when working with stakeholders and communities to identify opportunities that address the triple challenges of poverty, unemployment, and inequality. Our goal is to create significant and lasting socioeconomic benefits in the communities where we operate. This approach underlines our commitment to fostering sustainable communities.”

Themba Nkosi

Sibanye-Stillwater Chief Sustainability Officer

A dynamic and evolving process, engagement is critical to achieving shared value. Relationships built between the company, communities and other local stakeholders over time require regular communication to foster trust, mutual respect and transparency. These relationships determine the validity of the company’s social licence to operate and the long-term sustainability of the business.

Pro-active principles

Adopt a stakeholder-inclusive

approach that balances the needs,


  • Ensure the Company continues to engage on issues that are material to our stakeholders and have effective grievance mechanisms in place
  • Continuously improve engagement activities through review processes

Complaint and grievance procedures

  • Ensure complaints and grievances are received and responded to in a timely, transparent and consultative manner
  • Collaborate with relevant groups
    (affiliated by geographic proximity, special interest, etc.) to address issues affecting their well-being
  • Manage complaints and grievances from host communities and other local stakeholders systematically and fairly, promoting mutual confidence and trust
  • Provide a safe environment that protects the rights of marginalised and vulnerable groups in host communities to ensure social inclusivity

interests and expectations of all

stakeholders in the best interests of

the organisation

Embed a culture of effective

engagement within the organisation

Develop and implement systems

that are mutually beneficial to


Create appropriate platforms for

open, participative and constructive


Engage at the earliest practical

stage with likely affected parties in

response to issues and conflicts

Accurately understand our impact

on stakeholders and their potential

impact on our business, to enhance

the engagement process and

incorporate it into decision making

Ensure conscientious and pro-

active stakeholder engagement

on sustainable development

challenges and opportunities

through responses that are timely,

accurate and relevant

Some of our partners in creating shared value

Key partners include: Mineworkers Development Agency, Rand Mutual Assurance, Epiroc, SafeHub, EC Blaauw, AECI, Afrika Tikkun, Marikana Youth Development Agency, Development Bank of South Africa, Unilever, Fraser Alexander, Petco, Indalo Inclusive, The African Climate Foundation, The International Union for the Conservation of Nature, Sam Motsuenyane Foundation, UCanGrow and Garden for Life


Our four pillars of sustainable shared value creation:


Supporting modern

people through education

Caring for

Fostering economic growth –

mining towns

and skills development

the environment

Food security

Equipping schools and

Providing bursaries, portable

Reducing the impact of our

clinics, ensuring community

skills training and GBV

operational footprint.

members have access to

and substance abuse

clean water and sanitation


facilities, building roads and

providing street lighting.

Through skills and enterprise development programmes, like our brickmaking, cattle farming and AgriHub projects and our SMME startup pitch and enterprise and supplier development programmes.

Building Modern Mining

Towns – Infrastructure

Hawker stalls – a trader’s home

The hawker stalls project is Sibanye’s contribution to urban renewal and is expected to benefit informal businesses operating around the Westonaria Taxi Rank.

It is delivered in partnership with the Rand West Local Municipality who contributed the land for the project.

As the number of hawkers in and around Westonaria’s James Square kept increasing, it became clear to the Local Economic Development (LED) unit of the Rand West City Local Municipality that stable hawker stalls were urgently needed, and the initiative came to fruition in 2019, through the support of Sibanye-Stillwater’s Corporate Social Responsibility (CSR) Programme.

The 26 face-brick stalls were built on land provided by the local municipality. All the stalls are lock-up facilities, which provides the traders, most of whom are women, with a greater sense of security and prevents them suffering losses.

One of the traders, Yoliswa Mqanya, said: “This initiative has provided traders with a sense of independence since they have a stable and secure space where they are able to work to provide for themselves and their families”.

Elizabeth Botha, assistant manager of the LED unit said that, to ensure that projects like these grow and are sustainable, they should align with the needs of the community as well as the municipality’s Integrated Development Plan. The community should also support the traders since they offer a wide variety of goods, which is something to appreciate.

“This initiative has provided

traders with a sense of

independence since they have a stable and secure space where they are able to work to provide for themselves and their families” says Yoliswa Mqanya.

The 26 face-brick stalls were built on land provided by the local municipality


“The piggery will give a lifeline to many who are like Nteseng and do not believe that “help comes to those who sit and do



Beneficiaries of food tunnels donation for the home-based care outreach programme in Silindini Village in Ngcobo, Eastern Cape

Fostering economic growth – Food Security

Projects are aimed at improving food security and creating sustainable livelihoods and alternative economic

streams for communities that host our operations.

Support to Rankelenyane Piggery

Nteseng Molapisi was born and

raised in Rankelenyane in Rustenburg. She previously worked for the Department of Health and, when her contract ended, she explored other avenues to ensure she could provide for her children.

She inherited four sows, caring for them in her backyard, and grew her number of pigs to 80 over three years. However, she had to sell them when she fell ill and could no longer care for them.

She heard about Sibanye-Stillwater’s support to the community through her aunt, who encouraged her to apply for assistance with the piggery. The support provided included five pigs – four sows and one boar – and the pig stalls, which can accommodate up to 20 animals. Nteseng initially applied for assistance to create an opportunity for the wider community, with the vision to develop a sustainable business that would be financially beneficial to other community members. With this in mind, she reached out to others to help develop the project.

Five community members currently manage the piggery. The project was officially handed over in March 2021. Although the project is yet to provide

other means of support, it shows promise of a brighter future for the Rankelenyane community. With the potential to create employment and provide financial stability to community members, the piggery will give a lifeline to many who are like Nteseng and do not believe that “help comes to those who sit and do nothing.”

Nteseng Molapisi, owner of Rankelenyane Piggery

“As a Group, we are

committed to education and the development of the next generation of South African professionals,” said Sibongile Zikalala, Vice President, Social


Empowering people through education and skills development – Focus on the youth

We are committed to providing opportunities in

the areas around our operations and labour- sending regions. Training and development programmes focus on workforce skills, ensuring operational sustainability and contributing to the growth of other sectors in the economy.

Empowering the youth through

the social employment programme

The Mineworkers Development Agency (MDA) along with the Presidential Stimulus Programme and Sibanye- Stillwater are implementing a Social Employment Programme (SEP) in Marikana. A total of 1500 youth are being trained in various agricultural and environmental skills for an initial period of 14 months. The project comprises:

  • Agriculture – Trainees will manage the 1000 backyard gardens in Marikana.
  • Education support, youth development and Early Childhood Development (ECD):Ten schools and ECD facilities are supported through maintenance, food gardens, homework classes, cleaning, sports, and teacher assistance.
  • Greening and the environment– Planting trees, identifying and managing dumpsites, and sorting recyclables at dumpsites.
  • Health and home-based care – Support and assistance services to Health Facilities in the local municipality, includinghome-basedcare work, porters and clinic queue management.

Joseph Seko from Majakaneng is a 23-year-old General Operator at the MDA’s AgriHub who says being part of the programme has benefitted him in skills development and life skills. “I have a more positive outlook on life. I have hope. This programme is a good example of not giving a man fish but teaching him how to fish,” he said.

Top achievers recognised for their outstanding results

Sibanye-Stillwater, in partnership with the Department of Education, honoured top achievers from the matric class of 2022. Top-performing students from the communities which neighbour our South African gold and PGM operations were awarded full bursaries to

study in a field of their choice. Top performers around the Marikana and Rustenburg operations were awarded bursaries and laptops.

This year, four top-achieving students received full bursaries. Alulutho Siphika (from Merafong City) and Simthembile Mdleleni (from Matjhabeng) will study accounting at the

University of the Witwatersrand. Monalisa Makwesi (from Dipaleseng) will work towards a teaching degree at the University of Johannesburg, while Avuyile Makazi (from Rand West) will study chemical engineering at the University of Cape Town.

Since the top performers bursary scheme started,

47 bursaries have been awarded. Four students have graduated while 43 are in different tertiary institutions with courses ranging from Engineering to Finance.

Empowering youth through education and skills development



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Sibanye Stillwater Limited published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 08:39:09 UTC.

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Sibanye-Stillwater is South Africa’s leading producer of gold and precious metals. Net sales by activity break down as follows:
- platinum group metal production (57.4%): 1,074,585 ounces of platinum and 938,519 ounces of palladium produced in 2020;
- gold production (22.1%): 1,016,950 ounces of gold produced;
- metal recycling (20%);
- other (0.4%).
Net sales are distributed geographically as follows: South Africa (65%) and the United States (35%).

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