{"id":9746,"date":"2012-04-08T15:59:42","date_gmt":"2012-04-08T13:59:42","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/zimbabwe-happy-with-amplats-ownership-plan\/"},"modified":"2012-04-08T15:59:42","modified_gmt":"2012-04-08T13:59:42","slug":"zimbabwe-happy-with-amplats-ownership-plan","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zimbabwe-happy-with-amplats-ownership-plan\/","title":{"rendered":"Zimbabwe happy with Amplats ownership plan"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Nelson Banya<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">HARARE, April 8<\/span> (Reuters) &#8211; Zimbabwe is happy with a plan<br \/>\nproposed by Anglo American Platinum, the world&#8217;s top<br \/>\nproducer of the precious metal, to sell a 51 percent<br \/>\nshareholding in its Unki project to locals in terms of the<br \/>\ncountry&#8217;s empowerment law, a minister said on Sunday.<\/p>\n<p><span><\/span><\/p>\n<p>President Robert Mugabe is championing the law, which<br \/>\nrequires all foreign firms, including mines and banks, to sell<br \/>\nmajority stakes to Zimbabweans.<\/p>\n<p><span><\/span><\/p>\n<p>Empowerment Minister Saviour Kasukuwere, a Mugabe ally,<br \/>\nwrote in the state-controlled Sunday Mail newspaper that Amplats<br \/>\nhad submitted its proposals, detailing how it sought to comply<br \/>\nwith the law.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;As implementers, the latest plan by Anglo Platinum Unki, is<br \/>\nreflective of the positive co-operation we are now enjoying,&#8221;<br \/>\nKasukuwere wrote. &#8220;We are happy with the 51 percent plan<br \/>\npresented by July Ndlovu, the Unki chairman.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>On Thursday, Kasukuwere increased pressure on miners when he<br \/>\nissued a statement declaring that the state now owned 51 percent<br \/>\nof firms that had not complied with the local ownership laws.<\/p>\n<p><span><\/span><\/p>\n<p>His statement was, however, quickly contradicted by Prime<br \/>\nMinister Morgan Tsvangirai, Mugabe&#8217;s partner in a shaky<br \/>\ncoalition, who said the minister had no power to expropriate<br \/>\nmines.<\/p>\n<p><span><\/span><\/p>\n<p>The empowerment crusade is widely seen as a tactic by<br \/>\nMugabe&#8217;s ZANU-PF party to raise cash for elections that may come<br \/>\nthis year.<\/p>\n<p><span><\/span><\/p>\n<p>In his letter, Kasukuwere, a senior ZANU-PF official, also<br \/>\nsought to highlight his party&#8217;s difference with Tsvangirai&#8217;s MDC<br \/>\nover the empowerment policy.<\/p>\n<p><span><\/span><\/p>\n<p>Johannesburg-listed Impala Platinum, the world&#8217;s<br \/>\nsecond-biggest platinum producer, bowed to pressure last month<br \/>\nto surrender half its Zimplats unit, although details<br \/>\nof the transfer have not yet been worked out.<\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Nelson Banya HARARE, April 8 (Reuters) &#8211; Zimbabwe is happy with a plan proposed by Anglo American Platinum, the world&#8217;s top producer of the precious metal, to sell a 51 percent shareholding in its Unki project to locals in terms of the country&#8217;s empowerment law, a minister said on Sunday. President Robert Mugabe is [&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-9746","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\/9746","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=9746"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}