• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

CoAL in legal spat with ex-director

Sep 28 2012 12:47 I-Net Bridge

Company Data

COAL OF AFRICA LIMITED [JSE:CZA]

Last traded 0
Change 0
% Change 14
Cumulative volume 2782567
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

CoAL miners strike at Mooiplaats

CoAL's Vele gets into gear

CoAL rail plan angers farmers

CoAL revenue rockets

CoAL up on huge coal reserves jump

CoAL up on huge coal reserves jump

 

Johannesburg - Coal of Africa [JSE:CZA] on Friday announced it is taking legal action against former finance director Blair Sergeant‚ and that it has instituted proceedings in the Federal Court of Australia.

CoAL said it also obtained an order from the federal court to freeze A$6m worth of Sergeant’s assets.

Sergeant had served as financial director at the coal exploration and mining firm until his resignation on April 1‚ 2011.

The legal action involved allegations of breaches of duty‚ relating to a specific corporate transaction in which Sergeant was involved in 2009 and 2010‚” the company said.

The company declined to provide further comment until Sergeant presents a formal response.


* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.  

 
coal of africa

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people
The rich dogs of Instagram

Money Clinic

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

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...