Today's Labour News

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auroraBusinessLive reports that President Jacob Zuma’s nephew, Khulubuse Zuma, who was reported this week to have left SA to live in the United Arab Emirates (UAE), confirmed to Solidarity’s Gideon du Plessis telephonically on Thursday that he was still living in SA.  

Zuma is being sought by the liquidators of the Pamodzi Gold group because he has defaulted on the instalments due under a settlement agreement.  Zuma was the chairman of Aurora Empowerment Systems, which agreed to buy the Orkney and Grootvlei mines, but instead stripped them of all their assets and did not pay workers when they managed the mines in 2009-10.  He had agreed with the liquidators to pay about R23m and had paid between R9m and R10m up to July, but nothing further.  The liquidators have now filed an application for his provisional sequestration.  Under the agreement, his default means the liquidators can pursue him for the full R1.5bn owed by the directors of Aurora, and launch a full investigation of his financial dealings since 2009.

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