Implats Transfers 51% Equity to Indigenous Zimbabweans

Joint Press Release between Implats and the Ministry of Youth Development, Indigenisation and Empowerment.

Following a meeting between the Minister of Youth Development Indigenisation and Empowerment, the Chairman of the Implats Board of Directors and CEO of Implats, the new Zimplats Indigenisation Implementation Plan that was presented to the Minister meets the minimum requirements of the Indigenisation and Economic Empowerment Act and Indigenisation and Economic Empowerment Regulations of 2010 and is acceptable in principle to the Government of Zimbabwe.

The details for the transfer of 51% shareholding in Zimplats, comprising 10% shares to community, 10% share to employees and 31% to the National Indigenisation and Economic Empowerment Fund (NIEEF) will be addressed by a joint technical team comprising Zimplats, the Ministry responsible for indigenisation and the NIEEB, but will be at appropriate value.

…………………………………………………………………………………………
Honourable Minister S. Kasukuwere ( M.P)
Minister of Youth Development, Indigenisation and Empowerment
…………………………………………………………………………………………
Dr. K. Mokhele
Chairman of Implats

                                                                              13 March 2012

Comrades ,we are changing our country!

Comrades ,we are changing our country.The economy will be controlled by our people.Investors are welcome to partner us grow the economy and create jobs for our educated human resource base.The community empowerment trusts are taking shape and the bottom of the pyramid will never be the same again.The trusts will see a shared ownership emerge and the rural areas are set for change.Work underway will make us all proud and l am sure when we complete the assignment ,it will be there for all to see.


Implentation,implementation that's what we are now doing.Our investment analysts and fund managers get ready and those abroad start packing and be here to assist our communities.
Empowerment will benefit the broad masses of our people and that's my commitment.


We are on course.We will achieve.

Minister Saviour Kasukuwere setting up Indeginization Community Trusts with support of ZIMPLATS MD

Today yet another wonderful day.Was in Ngezi and we are on course setting up the Community Trust .I was excited that the community and the Chiefs will now benefit from the resources that have been extracted for years in their area.Zimplats attended and the MD made a good speech that indicated a desire to engage on a win win basis.Better days are within reach for our people,the very cause of years of struggle and sacrifice.


Yesterday l spoke of the fund and we are moving.These are patternships that should allow our youths and communities to fight poverty and unemployment.


We should build a great nation of believers.


There is no going back.

Hon S Kasukuwere (M.P)

Minister of Youth, Indigenisation and Empowerment