{"id":8622,"date":"2012-03-06T14:56:11","date_gmt":"2012-03-06T12:56:11","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/zimbabwe-to-act-on-implats-unit-after-deadlock-paper\/"},"modified":"2012-03-06T14:56:11","modified_gmt":"2012-03-06T12:56:11","slug":"zimbabwe-to-act-on-implats-unit-after-deadlock-paper","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zimbabwe-to-act-on-implats-unit-after-deadlock-paper\/","title":{"rendered":"Zimbabwe to act on Implats unit after deadlock-paper"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">HARARE, March 6<\/span> (Reuters) &#8211; Zimbabwe is set to<br \/>\nannounce on Wednesday the fate of Impala Platinum&#8217;s<br \/>\nshareholding in its local unit after latest talks on black<br \/>\nownership ended in deadlock, the state-controlled Herald<br \/>\nnewspaper said.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The government wants Implats, the world&#8217;s second-largest<br \/>\nplatinum producer, to hand a majority stake in its local<br \/>\noperation Zimplats to Zimbabweans and transfer 29.5<br \/>\npercent shares to a state-run fund.<\/p>\n<p><span><\/span><\/p>\n<p>The Herald said on Tuesday the government had met Zimplats<br \/>\nofficials last week but the meeting ended without an agreement.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It (meeting) ended in a deadlock. The Zimplats issue will<br \/>\nbe tackled, there are no two ways about it,&#8221; the paper quoted an<br \/>\nunnamed source as saying.<\/p>\n<p><span><\/span><\/p>\n<p>Mines Minister Obert Mpofu and Youth and Empowerment<br \/>\nminister Saviour Kasukuwere, all members from President Robert<br \/>\nMugabe&#8217;s ZANU-PF, would now meet on Wednesday and announce a<br \/>\ndecision on Zimplats, the Herald said.<\/p>\n<p><span><\/span><\/p>\n<p>Implats has offered five percent to workers and 6.5 percent<br \/>\nto the state-run fund, in addition to the 10 percent it handed<br \/>\nto local communities last year. It plans to make up the balance<br \/>\nthrough empowerment credits from giving up some of its claims in<br \/>\n2006.<\/p>\n<p><span><\/span><\/p>\n<p>Kasukuwere has rejected parts of the proposal and told<br \/>\nReuters last week he would not talk to Implats unless the<br \/>\ncompany fully complied with the empowerment law.\t<\/p>\n<p> (Reporting by MacDonald Dzirutwe; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HARARE, March 6 (Reuters) &#8211; Zimbabwe is set to announce on Wednesday the fate of Impala Platinum&#8217;s shareholding in its local unit after latest talks on black ownership ended in deadlock, the state-controlled Herald newspaper said. The government wants Implats, the world&#8217;s second-largest platinum producer, to hand a majority stake in its local operation Zimplats [&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-8622","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\/8622","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=8622"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8622\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}