Charl Keyter: Sibanye production ramped up only when health of employees is ensured


Sibanye has invested about R200 million on operations to protect employees says CFO Charl Keyter.

Due to the severity of the Covid-19 pandemic, Sibanye-Stillwater has implemented extensive health and safety measures in line with national and global protocols. 

“To date, we have invested about R200 million on our operations to combat the pandemic and these include personal protective equipment, screening/testing equipment and personal hygiene products,” says Sibanye-Stillwater CFO Charl Keyter

Sibanye has also dedicated quarantine and isolation facilities and secured beds at local hospitals as a precautionary measure to treat severe cases. 

Sibanye has registered 10 positive Covid-19 cases at its local operations. To date, four have recovered fully.

“With the expected easing to Level 3 of lockdown, we can potentially build up to 100 percent production levels,” Charl says. “However, we will only build up to production levels where the health of our employees is the primary consideration, and we expect this to be between 70 percent and 80 percent for our SA Gold operations and between 85 percent to 95 percent for our SA PGM operations.” 

Related articles

Three CFOs’ guide to managing boardroom expectations

Productivity SA CFO Okuhle Sidumane, Sappi Southern Africa CFO Pramy Moodley and BMI Coverland FD Tammy Narain explain how effective expectation management helps them ensure every engagement with their board is a success.