Today's Labour News

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auroraBusinessLive reports that President Jacob Zuma’s nephew Khulubuse Zuma has taken no steps yet to oppose an application for his provisional sequestration for about R1.52bn owed to Pamodzi Gold companies.  

The application could open up a full investigation of his financial affairs for the past eight years.  Zuma was believed to have taken up permanent residency in the United Arab Emirates (UAE), Solidarity general secretary Gideon du Plessis said on Tuesday.  If the High Court in Durban grants the sequestration order on 8 December, a liquidator will be appointed, who will pursue Zuma’s sequestration in the UAE.  The sequestration application was filed by the joint liquidators of the Pamodzi Gold companies, whose Orkney and Grootvlei mines were managed by Aurora Empowerment Systems.  Under Aurora stewardship the mines were stripped of all their infrastructure and workers were unpaid.  Zuma, an Aurora director, agreed in a settlement agreement in 2016 to pay R23m in instalments.  Du Plessis said in total Zuma had paid only R9m-R10m.

  • Read this report by Charlotte Mathews in full at BusinessLive

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