City Press reports that Zondwa Mandela, Thulani Ngubane and the Bhana family are the next targets for liquidators of collapsed mining company Aurora Empowerment Systems.
On Monday, the liquidators will be filing several sequestration applications against them in a bid to recover money as part of a seven-year dispute. Last week, former Aurora director Khulubuse Zuma agreed to pay a R23 million settlement as a share for his role in the saga. He will pay the amount in instalments over a number of years, but it seems certain that he will ultimately contribute most of the money that gets recovered to pay creditors, including about 5,000 former workers who are owed back wages. The settlement with Zuma represents about half of the money that the liquidators and lawyers involved in the Aurora saga realistically expect to collect years after the company’s short and disastrous control over the mines of provisionally liquidated Pamodzi Gold in 2009 and 2010.
- Read this report by Dewald Van Rensburg in full at City Press
- Read this report in Afrikaans at Netwerk24
- See too, Aurora liquidators on the hunt for Khulubuse Zuma’s hidden riches, at M&G
- And also, Victims of Aurora debacle continue to do what they know best, namely mining, at M&G
Get other news reports at the SA Labour News home page