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Thulasizwe Simelane, Zimbabwe




Thulasizwe Simelane, Zimbabwe

Zimbabwe's President Robert Mugabe has accused mining giant Impala Platinum of failing to contribute meaningfully to the country's development and expatriating revenues to South Africa.

Mugabe says he has instructed the Minister of Indigenisation and Economic Empowerment, Saviour Kasukuwere, to take unspecified action against companies in the mining sector, including Zimplats, that are failing to boost national coffers.

Meanwhile, Mugabe's birthday bash had a particularly youthful feel to it, as his party loyalists danced and gyrated in celebration of his life. The European Union's decision to extend sanctions by a further year looks set to have dire consequences for multinationals from that bloc, the United States and Australia.

Mugabe wants an inventory of the companies, before action is taken against them. It may include a majority share take-over. He has issued a stern warning for South Africa's Implats. "Zimplats has never given us any real, substantial amount. They expatriate their money back to South Africa. That is why we have told Minister Kasukuwere to deal with them soon," says Mugabe.

Minister Kasukuwere has since said that the mining sector offers huge empowerment opportunities. He said Zimbabwe had successfully empowered its people through land reform and the drive had to now encompass other economic activities.
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