Finance · South Africa
BlackRock Increases Stake in Top JSE Stock Sibanye-Stillwater
Moneyweb · 2026/01/29
Summary
BlackRock, the world’s biggest fund manager, has increased its ownership in Sibanye-Stillwater to over 5%. Sibanye-Stillwater is one of the best performing stocks on the Johannesburg Stock Exchange (JSE). This move shows that BlackRock believes the company will continue to do well in 2025. Sibanye-Stillwater operates mainly in the mining sector, focusing on precious metals like gold and platinum. The increased stake by such a large investor may boost confidence among other investors and could impact the company’s stock value positively. For South African investors, this could signal good potential for growth with Sibanye-Stillwater in the near future. The mining industry is important for the South African economy, and strong backing from a fund like BlackRock suggests optimism about the sector’s prospects.
OnABudget takeaway: For everyday investors, BlackRock’s bigger stake in Sibanye-Stillwater could mean the stock might be worth watching for possible growth. Small business owners related to mining might also see positive effects if the company expands or performs well.