Zimplats to become cash generative in the next financial year, CEO says

Platinum group metals (PGMs) miner Zimplats CEO Alexander Mhembere is confident about the company’s ability to become cash-generative in the next financial year, which starts in July, despite the tough political and economic landscape of Zimbabwe and general PGM market challenges brought on by low prices. Addressing attendees at the PGMs Industry Day, in Johannesburg, this week, he noted that, even amid the current downturn in PGM prices, the company would be striving to maintain the bulk of its workforce and would not be hasty in “pulling the lever” on downsizing initiatives.