The relief sought by the NMF was misconceived and the court's approach therefore correct, writes Serjeant at the Bar.
High level clouds. Mild.
Optimum Coal Mine in Middelburg, Mpumalanga went up in flames after a fire set the mine’s conveyor belts alight.
An urgent court bid by Swiss-based company Charles King SA to stop business rescue practitioners from selling Gupta-owned Optimum and Koornfontein mines has been struck off the court roll.
Eskom has suspended a senior general manager, pending an investigation into irregular conduct in the supply of coal by a Gupta-owned mine.
The National Prosecuting Authority has secured a court order to preserve the mining rehabilitation funds of two Gupta-owned mines held by the Bank of Baroda which intends leaving South Africa.
An Optimum Coal Mine business rescue practitioner has denied claims by Optimum's creditors that the company is tainted by a "Gupta stench".
The Portfolio Committee on Mineral Resources has expressed its concerns over the latest developments at the Gupta-owned Optimum coal mine in Mpumalanga, where workers are currently on strike.
More Gupta-linked companies have filed for business rescue, company documents show.
Mineworkers at the Gupta-owned Optimum Coal Mine, in Mpumalanga, have downed tools over the uncertainty of their jobs and the future of the mine.
The Financial Intelligence Centre has reportedly fined the Bank of Baroda R11m for its conduct when it helped the Guptas buy Optimum coal mine from Glencore in 2016.
Mineral Resources Minister Mosebenzi Zwane claimed in a written response that the Optimum Colliery, owned by the Gupta family, indeed has R1.5bn in a trust fund for rehabilitation purposes as required by law.
Shafted by the Guptas, the people of Blinkpan, Mpumalanga have come together across race and class to help each other.
Eskom says it is not bailing out Gupta-linked Optimum Coal Mine, and that allegations made in a newspaper report are "factually incorrect and without basis".
The business rescue practitioners appointed to several Gupta-linked companies have approached a high court for urgent relief after they were barred from the offices of the very companies they are trying to rescue.
Glencore could potentially return as owner of the Optimum mine - under strict conditions - as business rescue practitioners say Gupta-owned mining assets may be put up for sale.
Business rescue practitioners appointed to oversee Gupta-linked companies which filed for business rescue say their main objective is to keep the companies operating and to stop job losses.
Parliament's Portfolio Committee on Mineral Resources has called on the mineral resources department to intervene at Gupta-owned Optimum Coal Mine in Mpumalanga.
Workers at Gupta-owned Optimum Coal Mine have demanded to know if they will be paid and asked to be informed of plans to pay outstanding debt to creditors, in a memo to the CEO.
Residents of Hendrina in Mpumalanga are keenly feeling the Guptas' financial woes because the water they receive from the family's Optimum coal mine frequently dries up.
Eskom reduced a massive R2.1bn fine to partly Gupta-owned Tegeta because of a problem with the coal crusher, says Eskom CFO Anoj Singh.
Eskom has denied paying Gupta-linked Trillian in 2016, after a report alleged payments to the firm were used by Gupta-owned Tegeta to buy Optimum for R2.15bn.
Cape Town CBDElite SourcingR15 000.00 Per Month Per Month
Cape TownHyperion DevelopmentR10 000.00 - R30 000.00 Per Month
Cape TownTumaini ConsultingR600 000.00 - R700 000.00 Per Year
R 3 395 000
R 4 150 000
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