• Business model as medicine

    Revisiting your business model is a useful way to revive your business, says Ian Mann.

  • No sugar-coated pill

    The cost of uninformed medical consent runs into billions, says Mandi Smallhorne.

  • Greek tragedy

    Athens' relations with the EU was an accident waiting to happen, says Leopold Scholtz.

Loading...
See More

Implats owes us millions, says family

Oct 17 2012 09:12 Sapa

Company Data

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 70
Change -1
% Change -1
Cumulative volume 2251011
Market cap 0

Last Updated: 03-03-2015 at 04:18. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

NUM fights for recognition at Implats

Impala strike averted

Implats caves in on pay demands

Implats workers want to double wages

Implats mulling over workers' demands

Implats pay hikes to kick in on Monday

 

Johannesburg - A family in North West province wants millions of rands from Impala Platinum Holdings [JSE:IMP] (Implats), claiming the mining company has used their land for 36 years without any compensation, according to a report on Wednesday.

The land is apparently worth R40m, Beeld reported.

Members of the impoverished Motsuenyane family live next door to their land, without water or electricity, in an informal settlement.

Their portion of land, on the farm Wildebeestfontein, which belongs to the estate of Priscilla Motsuenyane, has been occupied by mining activities, a large informal settlement and other industries linked to the mine.

Priscilla Motsuenyane died in 1963, but in 2011, her heirs' legal team lodged an appeal with the minister of mineral resources, in which they requested that Impala's mining rights be set aside.

They are currently waiting for a decision on the matter, after negotiations with Implats failed.

Meanwhile a separate claim for damages is being prepared.

Implats has denied any wrongdoing, and maintained that correct procedures had been followed since mining commenced in the late 1970s.

According to mine spokesperson Alice Lourens, the mineral rights for the land never belonged to the family, they belonged to the state.

She said, furthermore, that the mine had surface rights permits for 105 of the 107 hectares that belonged to Priscilla Motsuenyane's estate.

 
impala platinum holdings  |  land

NEXT ON FIN24X

 
 
 

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
19 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Fin24 has teamed up with Ian Mann, ace business book reviewer and author of the best-selling book “Managing with Intent,” to host the second Best Business Books Breakfast of the year where Ian will show you how to lead and attract.
 

Money Clinic

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

Voting Booth

Facebook as a tool for small business is:

Previous results · Suggest a vote

Loading...