{"id":10707,"date":"2012-05-25T22:02:12","date_gmt":"2012-05-25T20:02:12","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/zimbabwe-banks-told-not-to-process-zimplats-exports\/"},"modified":"2012-05-25T22:02:12","modified_gmt":"2012-05-25T20:02:12","slug":"zimbabwe-banks-told-not-to-process-zimplats-exports","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zimbabwe-banks-told-not-to-process-zimplats-exports\/","title":{"rendered":"Zimbabwe banks told not to process Zimplats exports"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Cbank says mine defying order to bank locally<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Zimplats has not refused to comply -spokeswoman<\/p>\n<p><span><\/span><\/p>\n<p>* Cbank move to hurt country&#8217;s mineral exports<\/p>\n<p><span><\/span><\/p>\n<p>By Nelson Banya<\/p>\n<p><span><\/span><\/p>\n<p>HARARE, May 25 (Reuters) &#8211; Zimbabwe&#8217;s central bank has<br \/>\nordered the country&#8217;s banks to stop processing mineral exports<br \/>\nby Impala Platinum&#8217;s local unit, which it accuses of<br \/>\nfailing to comply with an order to bank locally, a state<br \/>\nnewspaper said on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>A spokeswoman for Zimplats, which is 87 percent<br \/>\nowned by the South African miner, told the state-controlled<br \/>\nHerald that the directive was unnecessary because the company<br \/>\nhad complied with the instructions.<\/p>\n<p><span><\/span><\/p>\n<p>Central bank governor Gideon Gono said Zimplats had defied<br \/>\nhis directive, issued in February, to transfer funds from its<br \/>\noffshore accounts to Zimbabwean banks, the newspaper reported.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Due to failure by Zimplats to adhere with the provisions of<br \/>\nthis directive &#8230; exchange control has taken corrective<br \/>\nmeasures to enforce compliance,&#8221; the central bank said in a<br \/>\nletter quoted by the newspaper.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In this regard, authorised dealers (banks) are hereby<br \/>\nadvised to stop processing and facilitating international or any<br \/>\ncross-border payments on behalf of Zimplats&#8230; and to stop<br \/>\nfacilitating any exports &#8230; on behalf of Zimplats.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Cbank says mine defying order to bank locally * Zimplats has not refused to comply -spokeswoman * Cbank move to hurt country&#8217;s mineral exports By Nelson Banya HARARE, May 25 (Reuters) &#8211; Zimbabwe&#8217;s central bank has ordered the country&#8217;s banks to stop processing mineral exports by Impala Platinum&#8217;s local unit, which it accuses of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10707"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}