'WE ARE ONE' UP
Proudly South African gold company Sibanye, Xhosa for ‘we are one’, was one up on Gold Fields at the close of JSE trading last Friday, after its shares rose from an opening trade of R13.05 a share to R16.50 a share at the week’s close. In contrast, the Gold Fields share price fell 13.19% to R91.85 a share on the day of the unbundling, to close out the week on R85.39 a share. Sibanye CEO Neal Froneman is shown spelling out the way forward for his new 45 000-employee charge, which is targeting 1.4-million ounces of gold production in 2013, a free cash flow of R2.5-billion and a corporate strategy of returning cash to shareholders.
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