Solidarity to oppose choice of DRD liquidators

Trade union Solidarity will apply for an urgent interdict to oppose the choice of provisional liquidators of DRD Gold’s operations in North West province.

The application would be heard by the Pretoria High Court on Monday, Solidarity spokesperson Reint Dykema said on Friday.

 

Solidarity wanted its own choice of liquidator appointed by the Master of the High court.

“Solidarity wishes to enable its liquidator to see to it that the directors of DRD do not walk away scot-free after the liquidation of DRD’s North West operations,” Dykema said in a statement.

Last month, the High Court granted a provisional liquidation order for DRD Gold’s Buffelsfontein Gold Mines Limited, commonly known as the North West Operations.

Dykema said there had been irregularities in the liquidation process.

“The trade union has in its possession information and proof of serious infringements in the liquidation of Buffelsfontein Gold Mining, the holding company of the Hartbeesfontein and Buffelsfontein mines…,” Dykema said.

He said DRD owed Solidarity members around R21,4-million in salaries, bonuses, leave pay and severance packaged.

The union wanted to appoint its own liquidator to ensure its members received their fair share in the liquidation.

The union also wanted its members declared preferential creditors, whose rights are protected by legislation.—Sapa

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