Today's Labour News

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newsBusinessLive reports that the business rescue practitioner for the Gupta’s embattled Shiva mine has submitted an urgent application to the competition tribunal seeking the removal of two other practitioners whom he claims were unlawfully appointed.  

The company holds one of the largest uranium deposits in the world.  In the affidavit, submitted to the tribunal on Friday, rescue practitioner Christopher Monyela seeks an order to direct the Companies and Intellectual Property Commission (CIPC) to accept a form he filed on behalf of the company the appointment of Juanito Damons as a senior practitioner of Shiva.  He also wants it to remove a form from the company filings which appointed two other practitioners — Mohamed Tayob and Eugene Januarie.  The fraught business rescue of the mine has stalled over the appointment of the new practitioners.  Operations have been closed since July and, consequently, employees have received no income since then.  In his affidavit, Monyela said the matter was urgent:  “In order to rescue Shiva, it’s necessary to enter into agreements with third parties, to take over the operations of the mine so at to ensure that, amongst others, Shiva’s employees, the security tasked with protecting Shiva’s assets, Sars and Eskom, be paid what is owed to them.”  He said that without certainty about who the rescue practitioners were, the rescue could not proceed and no plans could be prepared.


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