'Khulubuse Zuma has the most to lose. He is a wealthy, successful businessman'

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

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Absa launches extensive Covid-19 payment relief programme

Absa launches extensive Covid-19 payment relief programme

Absa is providing payment relief to its retail clients as well as its business banking and wealth customers.

A tipping point for video conferencing

A tipping point for video conferencing

A business tool for older generations, a staple for younger ones

No traffic and everyone’s at home… Some short-term insurers offer lower premiums

No traffic and everyone’s at home… Some short-term insurers offer lower premiums

Short-term insurers suddenly carry a massively reduced risk burden, says consumer journalist Wendy Knowler. Getting some back?

Sars collects R1.4tr in taxes – up 5.3% on a year before, despite the recession

Sars collects R1.4tr in taxes – up 5.3% on a year before, despite the recession

Despite the achievement, the country still lost R100 billion in uncollected taxes, says Commissioner Edward Kieswetter.

What is an 'economic depression'? Are we heading for one? Lessons from history…

What is an 'economic depression'? Are we heading for one? Lessons from history…

The Great Depression started 91 years ago and changed everything. Bruce Whitfield speaks to economic historian Keith Breckenridge.

Struggling to pay a debt? Your options: credit insurance vs debt relief holiday

Struggling to pay a debt? Your options: credit insurance vs debt relief holiday

Personal Finance expert Maya Fischer-French on the pros/cons of dipping into credit insurance vs opting for a debt relief holiday.

Popular articles
Website for a good cause wants you to participate in virtual volunteering

Website for a good cause wants you to participate in virtual volunteering

Forgood.co.za, which connects people to causes around the country, suggests ways that you can help.

Free service to tackle human resource queries during the COVID-19 lockdown

Free service to tackle human resource queries during the COVID-19 lockdown

Strata-G Labour Solutions is offering a free hotline for employers to get clarity on HR-related matters during the lockdown.

Duduza Clinic nurse tests positive for COVID-19, other nurses awaiting results

Duduza Clinic nurse tests positive for COVID-19, other nurses awaiting results

Mayor of Ekurhuleni spokesperson Phakamile Mbengashe says they have deployed two mobile clinics to the area.

World Autism Awareness Day: 'Disclose what COVID-19 is and create a routine'

World Autism Awareness Day: 'Disclose what COVID-19 is and create a routine'

Action in Autism chairperson Liza Aziz says the lockdown has been very difficult for people with the disorder.

Holding your centre when things fall apart in the time of COVID-19

Holding your centre when things fall apart in the time of COVID-19

The founders of Love Legacy Dignity guide listeners on how to process grief in light of the coronavirus mortality.

Zwelinzima Vavi tests positive for coronavirus, will be in self-isolation

Zwelinzima Vavi tests positive for coronavirus, will be in self-isolation

The South African Federation of Trade Unions general secretary says he had a light cough on Saturday, was sweating and fatigued.

Consumers advised to use their credit life insurance for relief

Consumers advised to use their credit life insurance for relief

Supervisor for credit provider compliance at the NCR Theodore Smith explains how the cover works.

SAA to provide repatriation charter flights to various countries

SAA to provide repatriation charter flights to various countries

SAA spokesperson Tlali Tlali says if people don't have a return ticket they must contact their respective embassies.

Mangaung municipality wants remains of COVID-19 victims declared biohazards

Mangaung municipality wants remains of COVID-19 victims declared biohazards

The metro's communication general manager, Qondile Khedama, says families will be advised on how to handle the bodies.

Lockdown and our mental health: One week in – what have we learned?

Lockdown and our mental health: One week in – what have we learned?

Cindy Poluta's expert panel recount their experiences and share advice on how to navigate mental wellbeing at this time..