Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

gavel thumb100 BusinessLive reports that the Pretoria High Court has dismissed a bid by Swiss shell company Charles King to halt the sale of Optimum Coal mine.  

The application to interdict the sale of Optimum was dismissed with costs by the court on Friday and represents the 44th unsuccessful legal bid to scupper the work of the business rescue practitioners who took over the running of the mine, and other Gupta-owned assets, in February 2018.  Optimum Coal mine has been at the centre of state capture allegations.  Eskom officials forced the sale of Optimum by Glencore and then helped the politically connected Gupta family to buy it.  Charles King’s legal bid now joins the long list of unsuccessful ones against the practitioners, much of it from Gupta affiliates.  The company, registered in Switzerland and a subsidiary of an Abu Dhabi company, asked the court to urgently interdict the sale of the Optimum Coal mine, Optimum Terminal and Koornfontein Mines while a dispute between itself and the business rescue practitioners underwent arbitration.  The judge ruled that the matter was not urgent and struck the matter off the roll.


Get other news reports at the SA Labour News home page