After six years of exoneration and long-running legal battle, Aurora Empowerment Systems director, nephew of President Zuma and mining investor Khulubuse Zuma has agreed to cough up R23-million in a settlement deal with Pamodzi and Aurora mine liquidators.
Zuma admitted to paying the large sum of money after he could no longer absolve himself of any blame for the deterioration of the Pamodzi mine, near Orkney in the North West. The mining investor’s company – Aurora purchased the mine in 2009.
Trade union Solidarity general secretary Gideon du Plessis confirmed that Mining Investor Khulubuse Zuma has made a down payment of R5-million for the settlement and must pay a further R500 000 by the end of Wednesday.
Towards the end of 2015, the North Gauteng High Court found that Aurora Empowerment Systems’ five directors, Zuma (President Zuma’s nephew), Zondwa Mandela (Nelson Mandela’s grandson), Thulani Ngubane and Solly and Fazel Bhana, were liable in their personal capacity for Aurora’s looting of the Pamodzi mining assets worth R1.7 billion and failing to pay 5 300 workers salaries and allowances, or save jobs.
Pamodzi liquidators list of creditors includes SA Revenue Services (SARS), power utility Eskom and about 5300 workers who are owed millions in salaries and allowances.
Du Plessis also disclosed that Zuma must pay the next R16 million in monthly payments of R500 000 and the final R2 million will be paid in R100 000 monthly payments until the full R23 million has been settled.
The North Gauteng High Court Judge Davis and Judge Janse van Nieuwenhuizen have also sequestrated the Bhana family members (“Solly, Fazel and Zubeida Bhana) and the Theba family members in a court order. The family members played a role in the ruination of Aurora.
Both families were given until October 27 to motivate why they should not be placed under final sequestration by the law court. However, Du Plessis opined that the families’ assets will be sold off to pay workers salaries until they respond to the court order.