Sibanye-Stillwater battens down the hatches in preparation for possible down cycle

Sibanye-Stillwater is battening down the hatches in a bid to turn around its performance amid a precarious outlook for commodity metals.

The group released its interim results on Tuesday and reported a 37% decline in profit to R7.8 billion to end-June due to lower commodity prices and various operational challenges.

Sibanye cut its interim dividend almost 62% to 53c per share and reported a net debt of R262 million compared to net cash of R5.85 billion previously.