The chief operating officer of mining firm Pan African Resources was on Sunday evening shot at his home in Johannesburg in what is suspected to be a botched robbery, the company said on Monday.
Bert van den Berg is said to have been "seriously injured in what appears to be a failed robbery attempt at his home".
He is currently receiving treatment in hospital, where he is said to be in a stable condition.
"We suspect a failed robbery," company head of investor relations, Hethen Hira, told Fin24.
Hira said the incident happened outside his house, and that police were investigating the matter.
Pan African Resources is a a mid-tier Africa-focused gold producer and operates the Barberton Mines, Barberton Tailings Retreatment Plant and the Evander Mines' 8 Shaft Pillar.
"The group has the necessary plans in place at all its operations to ensure business continuity," the company said in a statement.