Group structure

DRDGOLD and Sibanye-Stillwater completed a transaction in August 2018 whereby Sibanye-Stillwater traded selected assets from its West Rand Tailings Retreatment Project (WRTRP) – subsequently renamed Far West Gold Recoveries (FWGR) – for a 38.05% shareholding in DRDGOLD. In January 2020, Sibanye-Stillwater increased its holding in DRDGOLD from a 38.05% to 50.1% equity interest which secured the majority shareholding.

Ownership Diagram [diagram]

1 Sibanye Gold Proprietary Limited, a wholly owned subsidiary of Sibanye-Stillwater Limited (Sibanye-Stillwater).
2 Includes shareholding by subsidiary, EMO of 0.45% and shareholding by directors of the Company of 0.15%. Such shareholding is classified as non-public.


Ergo was previously owned by Ergo Mining Operations (Proprietary) Limited (EMO). EMO was 74% owned by DRDGOLD Limited and 26% by our Broad Based Black Economic Empowerment (BBBEE) partners – Khumo Gold SPV Proprietary Limited (Khumo) and the DRDSA Empowerment Trust. In FY2015, an agreement was entered into with our BBBEE partners entailing a roll-up of shareholding which included the substitution of their 26% shareholding in EMO for a 8.1% and 2.4% shareholding in DRDGOLD Limited respectively. At 30 June 2021, Khumo and the DRDSA Empowerment Trust held nil shares in DRDGOLD.

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