Close This website uses modern features that are not supported by your browser. Click here for more information.
Please upgrade to a modern browser to view this website properly. Google Chrome Mozilla Firefox Opera Safari
your legal news hub
Sub Menu
Search

Search

Filter
Filter
Filter
A A A

Aurora directors face R1.7bn civil claims

Publish date: 02 March 2012
Issue Number: 2987
Diary: Legalbrief Today
Category: Corruption

The directors and managers of Aurora Empowerment Systems will face civil claims of R1.7bn once the liquidation inquiry into the company is wrapped up.

One of the liquidators, Johan Engelbrecht, said Pamodzi Gold - the original owners of Orkney and Grootvlei mines - plans to lodge a R1.7bn claim against Aurora, according to a report in The Times. Aurora, run by President Jacob Zuma's legal adviser, Michael Hulley, his nephew Khulubuse Zuma, Nelson Mandela's grandson, Zondwa Mandela, and Thulani Ngubane, has been in the news for withholding the salaries of its miners and the systematic stripping of its assets. There are also claims of unauthorised selling of mining equipment, unlawful destruction of the mining assets and contravention of various laws and statutory regulations. The four directors were the subject of an insolvency inquiry in terms of sections 417 and 418 of the Companies Act for the alleged mismanagement of Pamodzi's mines in Orkney and Springs. Aurora has been liquidated and faces several claims, including one for R4.6m by trade union Solidarity for salaries that were not paid at the former Pamodzi mines. Since the directors were summonsed, they have snubbed the insolvency hearing, citing various reasons for their absence. Full report in The Times

We use cookies to give you a personalised experience that suits your online behaviour on our websites. Otherwise, you may click here to learn more, or learn how to block or disable cookies. Disabling cookies might cause you to experience difficulties on our website as some functionality relies on cookie information. You can change your mind at any time by visiting “Cookie Preferences”. Any personal data about you will be used as described in our Privacy Policy.