To view the PDF file, sign up for a MySharenet subscription.

SIBANYE STILLWATER LIMITED - Appointment of Non-Executive Director

Release Date: 21/12/2020 09:38
Code(s): SSW     PDF:  
Wrap Text
Appointment of Non-Executive Director

Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share code: SSW
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater” or “the Group” or “the Company”)

Appointment of Non-Executive Director

Johannesburg, 21 December 2020: 

In terms of Section 3.59 of the Listings
Requirements of the JSE Limited, the Sibanye-Stillwater Board is pleased to
announce the appointment of Sindiswa Victoria Zilwa (Sindi) as an Independent
Non-Executive Director of the Group with effect from 1 January 2021.

A Chartered Accountant by profession, Sindi is an expert in the areas of
accounting, auditing and business management. Sindi is also a Chartered Director
(SA) and has vast experience as a director in the public and private sectors,
currently serving as a non-executive director of Discovery Holdings Limited,
Metrofile Limited, Aspen Limited, Mercedes-Benz South Africa Limited, Tourvest
Group (Pty) Limited and Gijima Limited. She is an author of “The ACE Model-
Winning Formula for Audit Committees”, formerly used by the Institute of Directors
to train audit committee members in South Africa, and the author of “Creating
Board and Committee Effectiveness”. She is a member of the South African Institute
of Chartered Accountants and Institute of Directors. Sindi was previously non-
executive Chairman of Airports Company South Africa and a non-executive director
of Woolworths Limited, Primedia Limited, Wiphold Limited, Ethos Private Equity,
Institute of Directors, Alexkor Limited, Rebosis Limited, ATNS SOC Limited,
AngloGold Ashanti Limited and previously chaired the Business Unity South Africa
Standing Committee on Transformation. Sindi was the co-founder and retired Chief
Executive Officer of Nkonki Incorporated, having held the position from 1998 to

The Board welcomes Sindi to Sibanye-Stillwater and looks forward to her valuable
contribution to the ongoing development of the Group.


Investor relations contact:

James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited


The information in this announcement may contain forward-looking statements within the
meaning of the “safe harbour” provisions of the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements, including, among others,
those relating to Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”)
financial positions, business strategies, plans and objectives of management for future
operations, are necessarily estimates reflecting the best judgment of the senior
management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement
may be forward-looking statements. Forward-looking statements also often use words such
as “will”, “forecast”, “potential”, “estimate”, “expect” and words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they
relate to future events and circumstances and should be considered in light of various
important factors, including those set forth in this disclaimer. Readers are cautioned
not to place undue reliance on such statements.

The important factors that could cause Sibanye-Stillwater’s actual results, performance
or achievements to differ materially from those in the forward-looking statements include,
among others, our future business prospects; financial positions; debt position and our
ability to reduce debt leverage; business, political and social conditions in the United
States, South Africa, Zimbabwe and elsewhere; plans and objectives of management for
future operations; our ability to obtain the benefits of any streaming arrangements or
pipeline financing; our ability to service our bond instruments; changes in assumptions
underlying Sibanye-Stillwater’s estimation of their current mineral reserves and
resources; the ability to achieve anticipated efficiencies and other cost savings in
connection with past, ongoing and future acquisitions, as well as at existing operations;
our ability to achieve steady state production at the Blitz project; the success of
Sibanye-Stillwater’s business strategy; exploration and development activities; the
ability of Sibanye-Stillwater to comply with requirements that they operate in a
sustainable manner; changes in the market price of gold, PGMs and/or uranium; the
occurrence of hazards associated with underground and surface gold, PGMs and uranium
mining; the occurrence of labour disruptions and industrial action; the availability,
terms and deployment of capital or credit; changes in relevant government regulations,
particularly environmental, tax, health and safety regulations and new legislation
affecting water, mining, mineral rights and business ownership, including any
interpretations thereof which may be subject to dispute; the outcome and consequence of
any potential or pending litigation or regulatory proceedings or other environmental,
health and safety issues; power disruptions, constraints and cost increases; supply chain
shortages and increases in the price of production inputs; fluctuations in exchange
rates, currency devaluations, inflation and other macro-economic monetary policies; the
occurrence of temporary stoppages of mines for safety incidents and unplanned maintenance;
the ability to hire and retain senior management or sufficient technically skilled
employees, as well as their ability to achieve sufficient representation of historically
disadvantaged South Africans in management positions; failure of information technology
and communications systems; the adequacy of insurance coverage; any social unrest,
sickness or natural or man-made disaster at informal settlements in the vicinity of some
of Sibanye-Stillwater’s operations; and the impact of HIV, tuberculosis and the spread
of other contagious diseases, such as coronavirus (“COVID-19”). Further details of
potential risks and uncertainties affecting Sibanye-Stillwater are described in Sibanye-
Stillwater’s filings with the Johannesburg Stock Exchange and the United States Securities
and Exchange Commission.

These forward-looking statements speak only as of the date of the content. Sibanye-
Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required).


Date: 21-12-2020 09:38:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story