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ANC Chief Whip says sorry to Implats

Jan 24 2013 11:17 Sapa
ANC

(Picture: Sapa)

Company Data

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 103.21
Change -3.12
% Change -0.03
Cumulative volume 1928700
Market cap 65.25bn

Last Updated: 01/08/2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

Anglo American Plat Ltd [JSE:AMS]

Last traded 466.99
Change -4.33
% Change -0.01
Cumulative volume 130306
Market cap 125.94bn

Last Updated: 01/08/2014 at 04:22. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - ANC Chief Whip Mathole Motshekga on Thursday apologised to Impala Platinum Holdings [JSE:IMP] (Implats) for attributing the possible retrenchment of 14 000 miners to them.

"It is in fact Amplats [Anglo American Platinum] which is planning to retrench," Motshekga said in a statement.

"We apologise to Implats for any inconvenience caused, and hope the media will reflect this fact."

Motshekga made the mistake in a statement on Wednesday when he said President Jacob Zuma should ignore the open letter written to him by Democratic Alliance parliamentary leader Lindiwe Mazibuko. She was calling for Zuma to demonstrate leadership.

Last week, Anglo Platinum [JSE:AMS] announced its plans to stop production at four of its shafts - Khuseleka One and Two, and Khomanani One and Two, all in Rustenburg - which could result in the loss of 14 000 jobs.

The company said the closures were needed to restore profits.

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