After six years of lawsuits and many delays, the end of the Aurora saga is finally here. This is according to Solidarity after a settlement with Khulubuse Zuma was reached.
The Aurora directors had appealed a court ruling that they must be held liable in their personal capacity for looting of the Pamodzi mining assets worth R1.7 billion.
Solidarity trade union has asked the Aurora liquidators to put a freeze on Khulubuse Zuma’s offshore assets following the Panama Papers leak.
Trade union Solidarity has expressed concern about the future of several mines owned by the controversial Gupta family.
Former directors of Aurora, Solly and Fazel Bhana’s application to appeal an earlier ruling that they were liable for R35 million in the Aurora saga has been dismissed by the North Gauteng High Court.
Fifteen years after their relatives helped free South Africa from apartheid, scions of two of the nation’s most famous families met in a hotel overlooking the Indian Ocean to start a business together.
Aurora is back in court again, this time for a claim against the company’s directors for allegedly stripping the assets of the liquidated Pamodzi Gold’s mines.
Khulubuse Zumas court bid could hinder efforts by liquidators to hold the directors of Aurora responsible for the apparent stripping of assets of the mines.
Aurora workers face another bleak Christmas, the Congress of SA Trade Unions (Cosatu) in the North West said on Tuesday
Television is sometimes criticised as promoting the superficial; a flag-bearer of the sound-bite; co-creator (with Twitter) of the 140 character generation. But when TV works, no other medium can compare. And today’s CNBCAfrica Power Lunch debate between two warring parties really worked. Entrepreneur Solly Bhana has been painted as an evil crony capitalist responsible for … Read more