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
The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.
Nikiwe Bikitsha shares the success of a business model which includes activities as widespread as processing food and making shoes
Succession in a family business often fails. Aurik Business Accelerator’s Pavlo Phitidis on how to make it work…
The Money Show’s Bruce Whitfield interviews Veritas Wealth Certified Financial Planner Barry O'Mahony.
The Money Show’s Bruce Whitfield interviews Blu Blood cofounder Osman Osman for his weekly “ShapeShifter” feature.
The Money Show’s Bruce Whitfield interviews ETM Analytics Chief Economist George Glynos.
Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).
Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?