Data provided by McGregor BFA
All data is delayed
Loading...
See More

Khulubuse Zuma's cars auctioned off

Apr 24 2012 07:59 Sapa

Related Articles

Zuma distances himself from nephew, Aurora

Aurora's Mandela to face fraud charges

Zuma to testify in Aurora insolvency case

Court orders Aurora's Zuma to pay R10m

Khulubuse 'too fat' to testify - reports

Khulubuse drilling for oil in DRC

 

Johannesburg - Three luxury cars and household goods belonging to Khulubuse Zuma have been auctioned off to pay R10m owed to Protea Coin Security, according to a report on Tuesday.

Zuma is President Jacob Zuma's nephew and one of the directors of Aurora Empowerment Systems, the company which was removed as preferred bidder to buy the insolvent Pamodzi gold mines.

The Times newspaper said BMWs, a flat screen television, a pair of Anthem amplifiers, a dining room table, bar stools, chairs, microwave oven, washing machine and garden table set went under the hammer in Durban on Monday.

The assets, which were auctioned off for R160 000, were confiscated following an execution order brought by Protea Coin.

Protea Coin's lawyer Nic Viviers told The Times last week that the security company could now apply for an execution order for Zuma's immovable property.

The security company was trying to recover the R10m owed by Aurora for services it provided at Pamodzi's Grootvlei mine in Springs, east of Johannesburg.

Aurora - whose other director is Nelson Mandela's grandson, Zondwa Mandela - has been accused of destroying infrastructure at the mines and causing the loss of more than 5 300 jobs.

Trade union Solidarity brought an application to have Aurora liquidated as part of its claim for R3.1m in unpaid wages to workers at the two mines.

 
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
36 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

'Zuma's legacy will be judged by Nkandla'

The legacy of President Jacob Zuma is contingent on how he deals with the issue of upgrades to his Nkandla homestead, says Cape Town Archbishop Thabo Makgoba.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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