Aurora case: Applications for leave to appeal dismissed
The judge said there can be no doubt that the former directors acted recklessly.
JOHANNESBURG - The High Court in Pretoria has dismissed both applications for leave to appeal with costs in the Aurora case.
Three former directors, including President Jacob Zuma's nephew Khulubuse Zuma, applied for leave to appeal after a ruling which found they recklessly managed the gold mines they took over.
Judge Eberhard Bertelsmann says there can be no doubt that they acted recklessly and that there is no way that a different court will come to another conclusion.
"The mines deteriorated financially in all managerial respects from the moment the applicants took control thereof. They had to be placed into care and maintenance without nay funds having been obtained to rescue them.
Adding that Aurora was insolvent from day one and all the directors were aware of it.
They were found to be liable for damages amounting to about R1,7 billion after the mines were stripped of all their assets and thousands of jobs were lost when the company liquidated in 2011.
He also ordered the directors to pay all the legal fees.
Bertelmann says the directors left workers in the lurch and did not even visit the mine since March 2010 to check on operations.