Fraud-hit coal contractor Sentula's cautionary lifted, but share price falls

The lifting of the cautionary over fraud-hit JSE-listed coal-mining contractor Sentula had no benefit for the share price, which plummeted to a 12-year low, as the company announced an end to its forensic audit and a shift in emphasis towards...

Sentula searching for missing R242m, institutes civil and criminal action

South African mining services and coal-mining company Sentula Mining has uncovered “irregular” activity involving the apparent misappropriation of R242-million. Forensic auditors have discovered “blatant overvaluation” of equipment, as...

Sentula searching for missing R242m, institutes civil and criminal action

South African mining services and coal-mining company Sentula Mining has uncovered “irregular” activity involving the apparent misappropriation of R242-million. Forensic auditors have discovered “blatant overvaluation” of equipment, as...

‘Naked potential criminality and fraud’ at Sentula, says chairperson Sam Jonah

“Naked potential criminality and fraud” appeared to have taken place within the JSE-listed, but currently suspended, Sentula Mining, Sentula chairperson Sir Sam Jonah said on Wednesday. “In all my public life, and I have been around the...

Royalty moratorium for SA's existing miners

South Africa's existing mining companies will not be liable to a proposed mining levy until they convert their mining rights to so-called new-order licences, Finance Ministry officials said on Tuesday.