Dual-listed gold major Sibanye Gold will be included in the FTSE/JSE Top 40 index from 19 September with an initial ranking at 34th position.

This follows the September 2016 index review by the JSE.

Neal Froneman, CEO of Sibanye Gold, describes the inclusion of Sibanye in the FTSE/JSE Top 40 index as a “significant milestone”.

“Considering the relatively short history since the group listed in February 2013 with a market capitalisation of less than R10 billion, to now be recognised as one of the 40 largest companies listed on the JSE, is something I am extremely proud of and highlights the significant returns Sibanye has delivered to shareholders,” says Froneman

Sibanye Gold’s investors have received total returns from share price appreciation and dividends of over 350% in the last three and a half years, or a compound annual growth rate of over 50% per annum.

Moreover, the inclusion in the FTSE/JSE Top 40 Index is likely to provide further share price benefits as funds tracking the index, will be required to include Sibanye shares in their portfolios in future.