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City Press reports that last week, the Supreme Court of Appeal (SCA) turned down a request by the directors of Aurora Empowerment Systems for leave to appeal a judgment ruling them negligent.
Khulubuse Zuma, who is President Jacob Zuma’s nephew, and his fellow directors appealed to the court after the North Gauteng High Court ruled the Aurora directors and their business advisers, the Bhanas, could be held financially liable for the destruction of Pamodzi Gold’s mines. The Pretoria High Court judgment, handed down in June last year, did not specify how much each director would be asked to pay, but confirmed the principle that through their negligence (in Zuma’s case) and fraudulent actions (in the case of everyone else), they were liable. In total, the liquidators want R1.7 billion in damages. John Walker, the lawyer for the liquidators, said that following Thursday’s SCA ruling, they would seek to sequestrate Zuma, his co-directors. “We will be launching applications for the sequestration of all the respondents in the next few weeks,” Walker stated.
- Read this report by Susan Comrie in full at City Press
- See too, Khulubuse Zuma in financial firing line after Aurora ruling, at The Citizen
- And also, Aurora directors must pay former workers, says NUM, at SABC News
Get other news reports at the SA Labour News home page