Perfect storm causes South African giant to lose R74 billion in six months

• Sibanye Stillwater lost R74 billion in six months due to a perfect storm of rising operating costs and declining mineral prices.
• The company's share price dropped by over 42% since the beginning of the year, largely due to a 23% decline in global platinum prices and increasing electricity tariffs in South Africa.
• The losses have placed pressure on other major mining operations in South Africa, including Northam Platinum, Impala Platinum, Kumba, and Gold Fields, which have also seen significant drops in their share prices.