News24 | Sibanye-Stillwater reduces Neal Froneman’s pay by two-thirds to R55 million

Sibanye-Stillwater CEO Neal Froneman. (Getty Images)

Sibanye-Stillwater CEO Neal Froneman. (Getty Images)

Following a big opposition from shareholders holding almost half of its shares last year and biting commodity prices that are causing the company to retrench employees, diversified miner Sibanye-Stillwater has reduced the remuneration of its chief executive by two-thirds during the past financial year.

The total executive remuneration bill has also dropped by R353 million as the company is trying to heed the protests of its investors and endeavours to balance the interests of all stakeholders.

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