Khulubuse Zuma loses R1,5bn court application
A court dismissed Khulubuse Zuma’s application to have claims of R1,5 billion against his company set aside.
JOHANNESBURG - The North Gauteng High Court on Tuesday dismissed an application by Khulubuse Zuma to have claims of R1,5 billion against his company set aside.
Zuma, who is the president's nephew, is the former director of Aurora Empowerment Systems, which took over two mines and then liquidated.
Liquidators want Zuma and his co-directors to be held liable for the mismanagement of the mines and five thousand job losses.
The judge has dismissed the urgent application brought forward by the businessman, meaning the Aurora case would go ahead on 23 March.
Liquidators of his company want him and his co-directors to pay up to R1,5 billion for mismanaging the mines it took over and for allegedly stripping the infrastructure of the plants and selling it as scrap.
Congress of South African Trade Unions Secretary General, Zwelinzima Vavi, on Tuesday said this was a victory for workers who now have the chance of getting paid what they are due, after five years.
The National Union of Mineworkers said all former Aurora employees would be informed about the judgment.