The Supreme Court of Appeal (SCA) in Bloemfontein has dismissed an application by five directors of mining company Aurora Empowerment System.
They are now be liable to pay R1.7 billion in damages.
The Money Show’s Bruce Whitfield interviewed Gideon du Plessis, General Secretary at Trade Union Solidarity.
“An investigation into all the alleged fraudulent activity now needs to take place, which means if they don’t pay, they will be immediately sequestrated,” said Du Plessis.
“It’s been a five-year battle and at long last we can say that our trust in the legal system has been restored.”
Scroll down for quotes from the audio below.
They either pay whatever they can or they get sequestrated.— Gideon du Plessis, General Secretary at Trade Union Solidarity
They also have to pay all the legal costs.— Gideon du Plessis, General Secretary at Trade Union Solidarity
They have until tomorrow to pay.— Gideon du Plessis, General Secretary at Trade Union Solidarity
Khulubuse Zuma has the most to lose. He is wealthy and a very successful businessman.— Gideon du Plessis, General Secretary at Trade Union Solidarity
State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.
That’s 6000 per minute… 360 000 per hour… 8.64 million per day… You get the idea. Shoprite is rocking!
The Money Show’s Bruce Whitfield interviews oil and energy expert Rocco Strydom.
Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).
Bruce Whitfield interviews Prof Ian Goldin, author of “Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance”.
You should make lots of money (while you sleep!) if you invest in this company suggested by Investment Analyst Nadim Mohamed.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.
Bruce Whitfield interviews Debbie Goodman-Bhyat, author of “INtheFLOW – Taking Mindfulness to Work”.
Gauteng will yet again experience heavy thunderstorms on Friday, according to the South African Weather Service.
Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.