Country Report Zimbabwe April 2011

Economic policy: Implats under pressure

Illustrating the pressures facing mining companies, Zimbabwe Platinum (Zimplats), owned by South Africa-based Implats, is facing mounting demands from various Zimbabwean empowerment groups. Two traditional chiefs are seeking a 10% stake in the company, to be owned by a community trust, while the state-owned National Indigenization and Economic Empowerment Board is also demanding a 10% stake. The chiefs say they want Implats to apply the same principle as in South Africa, where Royal Bafokeng Holdings-a group controlled by the Bafokeng community-owns 13% of Implats.

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