Govt extends Zimplats deadline

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Indigenisation and Empowerment minister Saviour Kasukuwere yesterday said Zimplats had until next Tuesday to cede a 29,5% stake to the government or face nationalisation.

Kasukuwere yesterday evening told journalists that his ministry would not continue to tolerate delaying tactics.

On Tuesday government rejected a request by Zimplats, a subsidiary of Impala Platinum Holdings, to extend the deadline by 30 days.

We are accepting Tuesday as the final deadline. We have closed negotiations. When they come on Tuesday they must comply, he said.

We will not hesitate to nationalise those companies that do not comply with the law. Those that say there is no nationalisation are just talking in front of their crowds.

Kasukuwere said government was not going to pay for the stake that would be housed under the National Indigenisation Economic Empowerment Board.