• Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

  • Inside Labour

    The Davos extravaganza is slick PR and no UN-style institution, says Terry Bell.

  • 2015 Gadget preview

    Arthur Goldstuck presents gadgets to connect 2015 to the past and future.

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 -0,01
% Change 0
Cumulative volume 267164
Market cap 495.80m

Last Updated: 26-01-2015 at 03:55. 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

NEXT ON FIN24X

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

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

Money Clinic

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