Sibanye prepares South African ops for downtime, warns of depressed guidance

Following President Cyril Ramaphosa’s announcement of a nationwide lockdown from March 26 to slow the spread of Covid-19 in South Africa, JSE-listed gold and platinum group metals (PGMs) miner Sibanye-Stillwater is preparing its local mines to be wound down.

The lockdown will be in effect until April 16, and applies to any citizen or foreigner currently in South Africa, except for those deemed to provide an essential service, such as medical personnel.