Published: 23 August 2013

Impala Platinum, an 87% shareholder in Zimplats, may pass on the final dividend when it announces its year-end results, scheduled for August 29 - a development that would restrict returns to shareholders at a very modest 35c/share versus the R1.95/share payout in the previous financial year.

Already, it's known that shareholders can also expect a hefty R2.3 billion write-down as a supplier to its refining business - Impala Refining Services (IRS) - defaults on cash payments.

This is the none too happy news for a company that is still regarded among the best placed to capitalise on a recovery in the platinum price, whenever that arrives.
- dailynews

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