Business Report writes that the end of the road has arrived for the former directors of the now defunct Aurora mining company as the Supreme Court of Appeal has ruled against them.
This is according to Solidarity, which on Thursday issued a statement saying the ruling “brings an end to Aurora directors’ evasion of the justice system and they will now have to cough up”. Last year, Khulubuse Zuma, Zondwa Mandela, Thulani Ngubani, Solly Bhana and Fazel Bhana were found liable in their personal capacity for Aurora’s looting of the Pamodzi mining assets worth R1.7 billion by the North Gauteng High Court. Aurora took over Pamodzi’s liquidated Orkney and Grootvlei mines in 2009, and were responsible for running the mines. Solidarity’s general secretary Gideon du Plessis said that, with the directors’ application for leave to appeal having been dismissed, five years of evading and frustrating the justice system will come to an end and the Aurora directors will have to pay damages and the outstanding salaries of the 5,300 workers without delay.
- Read this report in full at Business Report
- Read Solidarity’s press statement at Solidarity online
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