Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Carte Blanche gets access to Aurora case

Aug 17 2011 16:42 Sapa

Related Articles

Carte Blanche asks for Aurora case access

Mandela, Zuma firm in R20m scandal

Aurora stuns with R15m refund claim

Chinese to buy Pamodzi mine

Aurora directors to be probed

Aurora’s knight in Chinese armour speaks

 
Johannesburg - Current affairs programme Carte Blanche was on Wednesday granted permission to record and broadcast parts of the Master's inquiry into Aurora Empowerment Systems' conduct while managing Pamodzi Gold's assets.

The high court in Pretoria granted an order allowing M-Net's Carte Blanche to record the testimony of Aurora's directors and consultants, said Dario Milo of Webber Wentzel, who acted for M-Net and Carte Blanche.

In terms of the order, Carte Blanche would only be able to broadcast the footage once all the witnesses had completed their evidence.

Milo said the ruling represented "an important precedent for the broadcast media and a victory for the public's right to know information of manifest public interest".

The Master of the Court has ordered an inquiry into Aurora's management of the Grootvlei and Orkney gold mines, in terms of sections 417 and 418 of the Companies Act 61 of 1973.

Carte Blanche initially wanted access to all proceedings, but this was opposed by the liquidators.

Carte Blanche in response narrowed the scope of the access it was applying for, and asked the court for permission to record and broadcast only the testimony of the directors and consultants of Aurora.

These include the politically connected Zondwa Mandela, grandson of former president Nelson Mandela, Khulubuse Zuma, President Jacob Zuma's nephew, and Michael Hulley, Zuma's former lawyer.

The Companies Act provides for inquiries of this nature to be private and confidential unless the Master of the Court decides otherwise, although in practice companies have to apply for the matter to be held behind closed doors.

"It is consistent with the constitutional value of openness and the media's right to freedom of expression that secrecy not be the default position and that a fully motivated application for secrecy ought, instead, to be required," according to the heads of argument.

The relevant testimony will start next Tuesday, August 23.

Aurora, which was singled out as the preferred bidder for Pamodzi's mines when they went into liquidation in 2009, has since had its management contract cancelled and vacated the premises.

Aurora has been accused of the destruction of infrastructure at the mines and the loss of more than 5 300 jobs.

Trade union Solidarity has brought an application to have Aurora liquidated as part of its claim for R3.1m in unpaid wages to workers at the two mines.

In the meantime, China Africa Precious Metals has agreed to buy the Pamodzi Orkney gold mine for R150m subject to conditions, the mine's provisional liquidators and the company said two weeks ago. 

NEXT ON FIN24X

 
 
Comment on this story
6 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...