Share

Kebble case: Mildenhall to testify

Johannesburg - Former Allan Gray chief investment officer Stephen Mildenhall is expected to testify at the trial of convicted drug trafficker Glenn Agliotti on Wednesday.

Agliotti faces four charges, two counts of conspiracy to commit murder, one charge of attempted murder and another of murder in the Johannesburg High Court.

One conspiracy charge and the murder charge relate to the killing of mining magnate Brett Kebble. The other conspiracy charge relates to Mildenhall and others, and the attempted murder charge is for the shooting and injuring of Mildenhall in 2005.

Allan Gray held the investment portfolios of Kebble's JCI and Randgold & Exploration Company [JSE:RNG] mining companies. Mildenhall discovered in 2005 that both JCI and R&E had failed to comply with listing requirements of the JSE.

Mildenhall was a party to meetings between officials of Investec [JSE:INL] and JCI.

The Kebbles were seeking a loan for JCI to save it from possible liquidation. Mildenhall proposed that for JCI to recover, Kebble should not be allowed to continue having control over the company.

On Tuesday Nigel McGurk, hired by Kebble's head of security Clinton Nassif, told the court how he and an accomplice arranged to pay two "Coloured guys" R150 000 to shoot Mildenhall.

McGurk said his instructions were to put Mildenhall "out of commission" for two to three months and not to kill him.

This was done and Mildenhall's wallet was burnt and his driver's licence handed to Nassif as proof.

The trial was expected to continue at 11:30.

Mildenhall resigned from Allan Gray at the end of February 2008 and relocated to the United Kingdom to establish Contrarius Investment Advisory Limited.
   
- Sapa

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders