Zimbabwe's Top Platinum Miner Warns Listing Rule to Backfire
- Nation unable to support companies’ capital needs, Impala says
- Zimplats sees little interest from Zimbabweans in ASX-listing
Photographer: Taylor Weidman/Bloomberg
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Zimbabwe’s proposals to compel miners to list the majority of their shares on the local exchange will strangle companies’ ability to invest and grow, according to the country’s biggest producer of platinum.
Impala Platinum Holdings Ltd. sees little interest in a listing among local investors, said Johan Theron, a spokesman for the Johannesburg-based company whose Zimplats unit is Zimbabwe’s biggest platinum producer. Investors in the country can already trade Zimplats shares listed on the Australian Securities Exchange, he said.