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Cape Town - Brett Kebble's former company JCI has agreed to pay R25.5 million to Durban Roodepoort Deep Gold in settlement of disputes and litigation that had been dragging on for eight years, DRDGold announced on Wednesday.
They included a claim related to a dubious R122m share issue ostensibly aimed at buying the defunct Rawas gold mine in Indonesia.
The deal was concluded in 1999 by Brett's father Roger, who at that stage was executive chairperson of what was then known as Durban Roodepoort Deep as well as a director of JCI.
The DRD board subsequently found that Roger had at the same time been on the board of Laverton, an insolvent Australian company that benefited from the issue of the DRD shares.
It also discovered that the mine was in fact worthless.
DRDGold said in a statement on Wednesday that the disputes that followed had been with "various parties", including both Kebbles, John Stratton (another board member of Laverton), JCI financial director Hennie Buitendag and JCI itself.
"In terms of a settlement of all disputes reached between the parties on September 16 2008, JCI Ltd has paid to DRDGold a total sum of R25.5m.
"The parties have agreed that all claims and counterclaims are resolved without any admission of liability."
DRDGold had been seeking over R150m in a string of lawsuits in South Africa and Australia.
Brett Kebble died in a shooting in September 2005.
Roger last month agreed to an out-of-court settlement of a R15m claim against Stratton, who he alleged had been an accomplice or co-conspirator in Brett's death.
The claim was for maintenance of Brett's children.
- Sapa