Sibanye-Stillwater has acquired US-based metals recycler Reldan Group of Companies. What does this mean for the counter which dropped on the news? Malose Mamashela, Investment Analyst at Mergence Investment Managers, says the deal aligns with Sibanye-Stillwater’s strategic positioning into green or future-facing metals, although there are several headwinds.
![](https://www.mergence.co.za/wp-content/uploads/2021/09/IOL-News-logo-t.png)
Absa CEO Arrie Rautenbach steps down as the group’s valuation continues to lag that of its peers
Commenting on Absa’s results and the surprise announcement of CEO Arrie Rautenbach stepping down, Mergence Senior Analyst Radebe Sipamla said