‌SIBANYE-Stillwater has targeted R3bn in cost savings over the next two years as part of newly launched strategy focusing on simplification and organic growth. In the presentation, Stewart parked the group’s famed growth through acquisition approach, saying: “For the record, we don’t have an acquisition strategy”. The strategy also takes in an group-wide asset review, including the US-based palladium/platinum mine Stillwater, which Sibanye-Stillwater said it will keep. Sibanye-Stillwater will reduce a $750m convertible bond, due in November, to around $500m before refinancing it, said Charl Keyter, Sibanye-Stillwater CFO. Stewart was asked about the merits of buying more shares in DRDGold, the JSE-listed gold tailings company.