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
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