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Implats says no cash, no shares in Zimbabwe

15 March 2012 By admin

JOHANNESBURG, March 14 (Reuters) – South Africa’s
Impala Platinum said on Wednesday that the Zimbabwean
government would have to find the money to buy the 31 percent
stake it wanted in its local unit Zimplats.

“If they don’t come up with the cash the stake will not be
transferred,” said Implats chief executive David Brown during a
conference call aimed at providing more clarity on the
in-principle deal it reached with the government on Tuesday.

(Reporting by Sherilee Lakmidas, editing by Ed Stoddard)

© Thomson Reuters 2012 All rights reserved





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Filed Under: South Africa Tagged With: news, reuters, south africa

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