Sibanye Stillwater Limited is trading at R48.49 (+3.83%) after the company announced it had received formal notification of a significant investment by a major asset manager.
- BlackRock, Inc. has acquired a beneficial interest in the company, bringing its total holding to 5.193% of Sibanye-Stillwater's total issued ordinary shares.
- The disclosure of a substantial stake by a large institutional investor is driving positive sentiment, leading to a recovery from the previous session's 4.30% decline.