Zimplats Sells 10% Equity to Workers after Indigenisation Flop

Zimbabwe’s largest platinum miner, Zimplats Holdings, says President Robert Mugabe’s government has approved its plan to sell 10 percent equity to workers but rejected the rest of the initial 2013 local ownership agreement signed by the two parties. Zimplats, in January 2013 agreed to sell a majority stake to local black investors for $971 million