Mandela, Zuma relatives to pay $140m compensation to mine shareholders


Nelson Mandela and President Jacob Zuma
Relatives of Nelson Mandela and South African President, Jacob Zuma, acted in a reckless and fraudulent manner when they stripped the assets of two mines operated by their company, a court ruled on Thursday.
Judge Eberhard Bertelsmann ordered the directors and associates involved in Aurora Empowerment Systems to pay shareholders and liquidators 1.7 billion rand, approximately 140 million dollars, in compensation for their role in the firm’s demise.
The collapse of the companies left thousands of workers jobless and destitute.
“The judgment today is a victory for these poor mineworkers. Thousands of these workers are trapped in abject …Read More

Source:: PM Newspaper