Standard Bank, Led By Sim Tshabalala, Makes 165 Million Bet On Platinum Group Metals

Standard Bank invests 165.47 million in Northam Holdings, acquiring a 5.74 stake to strengthen its position in South Africas platinum group metals PGM sector.

Northam Holdings operates Zondereinde and Booysendal mines, producing over 900,000 ounces annually, with strong institutional backing fueling its expansion.

The deal aligns with Standard Banks strategic growth, reinforcing its industrial investment strategy as it deepens exposure to Africas resource sector.

Standard Bank, Africas biggest lender by assets, led by South African banker Sim Tshabalala, has acquired a 5.74 percent stake in Johannesburg-based Northam Holdings, strengthening its presence in the platinum group metals PGM sector. The deal, valued at 165.47 million, adds to the banks growing investments in South Africas mining industry.

According to a regulatory filing on March 20, 2025 , the bank invested R3.16 billion 165.47 million in the Johannesburg-based company, which is led by Paul Dunne . Northam confirmed the acquisition, highlighting Standard Banks growing confidence in its operations.

Northam Holdings remains a major player in South Africas platinum, palladium, and rhodium markets. With its Zondereinde and Booysendal mines producing over 900,000 ounces of PGMs annually, the company continues to attract institutional investors.

Standard Banks increased stake is a vote of confidence in Northams operational strength and the resilience of the PGM industry. It also reflects a broader trend of financial institutions increasing their exposure to resource sectors amid sustained global demand.

In addition to securing strategic investments, Northam is pushing forward with sustainability initiatives. In February 2025, the company finalized a 140MW renewable energy deal , including an 80MW solar power plant for its Zondereinde mine, reinforcing its focus on efficiency and long-term environmental responsibility.