• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

CoAL in legal spat with ex-director

Sep 28 2012 12:47
I-Net Bridge

Company Data


Last traded 1
Change 0
% Change 15
Cumulative volume 420182
Market cap 0

Last Updated: 26-11-2015 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote