Sibanye CEO sees progress in SA energy & logistics reform

South Africa's largest PGM producer, Sibanye Stillwater, was in the spotlight at this year's Mining Indaba, where CNBC Africa's team caught up with the group CEO, Neal Froneman. Froneman shared insights on the company's recent dealings with Zambia, Africa's potential in the green energy transition, and the impact of global geopolitics on business operations. He also expressed concerns about the local political landscape and the need for effective leadership to address critical issues facing the mining industry. Despite challenges, Froneman remains optimistic about progress in energy, logistics reform, and tackling crime and corruption. Sibanye Stillwater is leveraging its expertise to navigate these complexities and contribute to sustainable development in the region. Neal Froneman expressed his disappointment over the failed Mopane transaction in Zambia but emphasized the country's long-term potential. He praised Zambia's efforts in combating crime and corruption and adopting a commercial approach to mining. Froneman highlighted Africa's appeal in the green energy transition and emphasized the role of Western countries in supporting the continent's mineral development. He noted the need for infrastructure investment and underscored the importance of responsible mining practices for mutual benefit. Addressing the impact of global geopolitics, Froneman acknowledged the challenges posed by political tensions on business operations. He highlighted the need to maintain constructive relationships with Western countries while navigating sensitive issues such as the Israel-Hamas conflict. Froneman stressed the importance of balancing commercial interests with political realities to ensure a conducive business environment. On the local front, Froneman expressed concerns about the upcoming election year in South Africa and its potential impact on the mining industry. He identified energy, logistics, and crime and corruption as key challenges that need to be addressed. Froneman called for new leadership to tackle these underlying issues and drive sustainable solutions for the industry. Despite his reservations about current leadership dynamics, Froneman acknowledged progress in energy and logistics reform initiatives, highlighting joint efforts between the private sector and government. He expressed confidence in the gradual improvement of load shedding situation and ongoing collaboration on security and anti-corruption measures. In conclusion, Neal Froneman's insights shed light on the complex dynamics shaping the mining industry in South Africa and the broader African continent. Sibanye Stillwater's strategic approach to tackling challenges while exploring new opportunities reflects a commitment to sustainable growth and responsible business practices. As the sector navigates geopolitical uncertainties and internal reform efforts, proactive leadership and collaboration will be essential in driving positive change and fostering a conducive environment for mining investment and development.