https://www.miningweekly.com

Former Aurora directors lose appeal for R35m liability

8th September 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The North Gauteng High Court on Tuesday dismissed the former directors of Aurora, Solly and Fazel Bhana’s application to appeal an earlier ruling.

The directors were previously found liable for R35-million in the Aurora Empowerment Systems case, which saw the directors, including President Jacob Zuma’s nephew Khulubuse Zuma, strip the assets of the liquidated Pamodzi Gold's mines.

In the appeal application, the Bhana’s already indicated that neither they nor their family would be in the financial position to pay the amount and they would, therefore, be sequestrated soon.

“Today, justice was served for the hundreds of Aurora employees and this judgment is an indication that the others involved in this matter will not be able to hide from justice,” Solidarity general-secretary Gideon du Plessis said.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.731s - 110pq - 2rq
Subscribe Now