• 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

Company 'hijackers' to appear in court

Dec 03 2010 08:11

Company Data


Last traded 6
Change 0
% Change 0
Cumulative volume 282352
Market cap 0

Last Updated: 26-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Majali out on bail

Johannesburg - Businessman Sandile Majali and three others were expected to appear in the Johannesburg Specialised Commercial Crimes Court on Friday on fraud charges.

Majali, Haralambos (Harry) Sferopoulous, Stephan Khoza and Elvis Bongani Ndala stand accused of changing the directorship of mining company Kalahari Resources.

The accused allegedly removed Kalahari Resources' two directors, Brian Amos Mashile and his sister Daphne Mashile-Nkosi, from the Companies and Intellectual Property Registration Office (Cipro) database in August.

The two siblings had to bring an urgent interdict before the High Court in Johannesburg to get themselves reinstated as directors of the company.

At the last appearance, the court ordered, on the State's request, that Majali's three co-accused be sent for mental observation.

They are all listed on the internet as directors of the "South African Community Government Union" (SACGU). Its website, www.sacgu.org, carries bizarre graphs and pictures.

According to the website, Khoza is the "Master" of the SACGU, Ndala the "deputy" and "doctor" Sferopoulous in charge of "economics".

An extract from website's home page says SACGU tasks include: "Overseeing the multinational people of the Republic of South Africa, united by the common fate of our land, establishing human rights and freedoms, civic peace and accord, preserving the historical established state unity, proceeding from the universally recognised state principles of equality and self-determination of peoples... ."

Kalahari Resources owns a 40% stake in Kalagadi Manganese, the mining company developing an R11bn manganese mine and sinter plant in the Northern Cape, as well as a smelter at Coega.

The Industrial Development Corporation owns 10% of Kalagadi Manganese, while steel producer ArcelorMittal SA [JSE:ACL] owns the remaining 50% stake.

Majali came into the public eye following his role in the so-called Oilgate saga, that saw him "donate" R11m of national oil company PetroSA's funds to the ANC ahead of the 2004 elections.
sandile majali



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