Johannesburg, 13 October 2025 — The Thusano Trust is inviting its beneficiaries to decide how they would like to receive the value of the shares allocated to them when the Trust was established in December 2010. At the time, Gold Fields gave employees in Patterson bands A, B and C, with at least 30 days’ service as of December 2010 a direct stake in the company’s success.
For the past 15 years, the Thusano Trust has held these shares on behalf of more than 46,000 beneficiaries, paying dividends as they were declared. The shares will now vest on 1 December 2025, and beneficiaries are being asked to choose whether to receive the value of their shares as a cash payout or have the shares transferred to a personal stockbroker account, after tax and fees. The deadline to make this election is 22 November 2025, with payouts and transfers commencing from 1 March 2026.
The trustees are heartened by the potentially life-changing impact of this vesting for beneficiaries, noting that it is about people benefiting directly from the value they helped to create. Now, every beneficiary has the right to make their own choice on how best to use their shares for their family’s future.
Elections can be made in person, online or via assisted channels. If beneficiaries do not make their election by the 22 November deadline, they will, by default, receive a payout after fees and taxes.
Beneficiaries can:
- Contact the JIS Call Centre weekdays in business hours on 0861 433 659 for step-by-step support.
- Visit their nearest TEBA office for help completing the election process.
- Log on to their profile on the JIS portal at: www.investecss.co.za/thusano/account/logon
- Send a “Please Call Me” to 083 680 0079 (you’ll be called back within 24 hours).
- USSD: Dial *120*1138# on their mobile phone (with a South African ID number) to make their election.
- Outside South Africa: +27 11 713 0000, or text +27 83 680 0079 to request a call-back.
- Go online at www.thusanotrust.org to access official information and resources.
The same channels can also be used to confirm eligibility and update contact and banking details.
The Trust is urging beneficiaries to be vigilant against scams, noting that it will never ask for upfront payments or fees to release the payout. Official support is available only through TEBA, JSE Investor Services (JIS), which administers the Trust, and the official Thusano Trust website.
About the Thusano Trust
The Thusano Trust reflects the mining industry’s commitment to broad-based empowerment and shared value.
Established in 2010, Gold Fields created an employee share ownership scheme that gave eligible employees at the time a 10.75% stake in Gold Fields Limited, Supporting BEE equity ownership requirements and enabling historically disadvantaged South Africans to share in the benefits of the country’s mineral resources. The same beneficiaries later received shares in Sibanye-Stillwater following Gold Fields’ divestment of most of its South African assets. The Thusano Trust is overseen by a group of trustees appointed under its Trust Deed. JSE Investor Services (JIS), a division of the Johannesburg Stock Exchange (JSE), manages all administration of the shareholding, including dividend payments and the sale or transfer of the shares at vesting.
Media contacts:
Alan Fine, R&A Strategic Communications
alan@rasc.co.za
083 250 0757