Two must pay R400 000 within a week for Aurora debacle – Solidariteit

17 February 2016

In terms of a repayment agreement, another two individuals will have to pay up soon for unlawfully benefiting from the former Pamodzi mines. Under the agreement, Mohamed Firoze Limbada and Zeenat Ebrahim Laher must repay R400 000 to the liquidators of the mines within the next seven days, and after that they must repay a further R3,6 million in monthly instalments of R150 000.

This settlement follows shortly after last week’s agreement with six members of the Bhana family. In terms of this agreement, they have to repay R6 million to the liquidators.

Solidarity General Secretary Gideon du Plessis said that although it could still be considered a victory, the R10 million in damages obtained after a six-year legal battle is only a drop in the ocean. “Almost R180 million simply ‘disappeared’ from the bank account of the former Pamodzi mines during the time that Aurora Empowerment Systems managed the Pamodzi mines. In addition, the Pamodzi mining assets suffered damages to the amount of R1,7 billion during this time,” Du Plessis explained.

Du Plessis also called on the former Aurora directors, especially Khulubuse Zuma, Zondwa Mandela and Thulani Ngubani, to come to the table as well and present a settlement proposal. “If they do not come up with a proposal soon, sequestration will be on the cards for them. Especially Khulubuse Zuma – a very wealthy businessman – should now pocket his pride and, like his uncle, President Jacob Zuma, start paying his debts,” Du Plessis said.

“Solidarity will continue to pursue the case until justice has been done and the former Pamodzi employees have received their outstanding money,” Du Plessis said.

Statement issued by Gideon du Plessis, General Secretary: Solidarity, 17 February 2016