Economic impact

2021 Performance

Taxes and royalties

R16.4bn (US$1.1bn)

SALARIES AND WAGES PAID

R26.2bn (US$1.8bn)

84,981
66,005 permanent employees and 18,976 contract employees

R16.4bn
(US$1.1bn) declared/paid in dividends

Local procurement

R12.6bn
70% of total procurement by SA operations

US$398m
39% total procurement by US operations

As one of the world’s leading precious metals companies, we aim to create and share value with stakeholders by providing employment opportunities and driving economic growth wherever we operate.

Our operations contribute to a wide range of economic impacts in the regions in which they operate, including direct employment with the company, indirect employment in a wide range of industries through our procurement, household disposable income through the salaries and wages paid as well as our payments of national, state, provincial and local taxes.

United States
In the US, our operations contribute significantly to the local economy and are sizable generators of economic prosperity, not only for local communities but for the state of Montana as a whole. We are the largest private industrial employer in Montana and the state’s largest taxpayer.

An independent economic impact study undertaken by the Bureau of Business and Economic Research in 2020, based on 2019 financial data, noted that we generate economic output of US$3 billion annually, more than 3% of Montana’s entire economic output.

In 2021, our US operations:
- employed 2,904 people, including 933 contractors, mostly from the Stillwater and Yellowstone counties
- paid US$241.5 million in salaries and wages and spent US$5.7 million on employee training and development
- spent US$439 million on total procurement, of which US$439 million (39%) was spent locally
- incurred social expenditure of US$400,000
- paid US$96 million in current taxes and royalties
South Africa
In South Africa, Sibanye-Stillwater is the country’s largest employer outside government. It is estimated that each person employed in mining in South Africa supports 10 direct dependants and up to seven additional indirect dependants. That means that, in South Africa, our jobs support close to 1.2 million people – almost 3% of the country’s population.

In 2021, our SA operations:
- employed 81,981 people in all, including 18,043 contractors – 80% of those employed at our SA operations are South African citizens
- paid R18,019 million in salaries and wages and spent R969.9 million on employee training and development
- spent R23.5 billion on total procurement, of which R16.4 billion (70%) was spent with local black economic empowerment entities
- incurred total SLP expenditure of R2,085 million and CSR expenditure of R113.5 million
- paid R14,728 million in current taxes and royalties