Share

Aurora directors to be probed

Cape Town - The high court in Pretoria has ordered an inquiry into the affairs of the liquadated Pamodzi companies in terms of sections 417 and 418 of the Companies Act, the provisional liquidators of the companies said on Friday.

The scope of the inquiry is to include an investigation into the conduct of Aurora Empowerment Systems when it was in charge of Pamodzi Gold's mines in Grootvlei, Springs, in Gauteng, and Orkney in North West province.

Aurora has been accused of the destruction of infrastructure at the mines and the loss of more than 5 300 jobs. It was singled out as the preferred bidder for Pamodzi's mines when they went into liquidation in 2009, but has since had its management contract cancelled.

The joint provisional liquidators said the inquiry is to be held in camera. In terms of the Companies Act, only the court had the power to determine that it should be conducted in public.

Witnesses who have been summoned to appear before the enquiry include the directors of Aurora: President Jacob Zuma's attorney Michael Hulley and his nephew Khulubuse Zuma, former president Nelson Mandela's grandson Zondwa Mandela and Thulani Ngubani, the company's commercial director.
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
19.21
+0.0%
Rand - Pound
23.96
-0.0%
Rand - Euro
20.58
-0.1%
Rand - Aus dollar
12.50
-0.2%
Rand - Yen
0.12
+0.2%
Platinum
911.70
-0.1%
Palladium
1,000.00
-0.5%
Gold
2,317.54
+0.1%
Silver
27.13
-0.1%
Brent Crude
88.02
-0.5%
Top 40
68,574
0.0%
All Share
74,514
0.0%
Resource 10
60,444
0.0%
Industrial 25
104,013
0.0%
Financial 15
15,837
0.0%
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