Businessman Sandile Majali, who is facing fraud charges, was expected to appear in the Johannesburg Commercial Crimes Court on Tuesday, his lawyer said.
Majali was released on bail on Saturday after an urgent application was lodged in the South Gauteng High Court in Johannesburg.
National Prosecuting Authority spokesperson Mthunzi Mhaga they were awaiting written judgement.
” … Once we study it we’ll decide on legal avenues to explore,” Mhaga said on Tuesday.
Majali stands accused of fraud for allegedly hijacking a mining company.
At court, the state said it did not have sufficient information to proceed with the bail application, and that money laundering and additional fraud counts may be added to the charge sheet. The case was postponed to October 26.
Majali appeared in the dock with Haralambos Sferopoulous, Stephan Khoza, Elvis Bongani Ndala and Linda Welencia Dlamini.
The businessman was arrested on Thursday after an investigation revealed that the directorship of mining company Kalahari Resources had allegedly been changed from Brian Amos Mashile and his sister Daphne Mashile-Nkosi to a group of eight individuals, including Majali.
He and seven others allegedly removed Kalahari Resources’ directors from the Companies and Intellectual Property Registration Office (Cipro) database in August.
An urgent interdict was brought before the High Court in Johannesburg last month. The court ruled that Cipro reinstate the siblings as directors of the company.
Kalahari Resources owns a 40% stake in Kalagadi Manganese, the mining company developing an R11-billion manganese mine and sinter plant in the Northern Cape, as well as a smelter at Coega.
The Industrial Development Corporation owns 10% of Kalagadi Manganese, while steel producer ArcelorMittal owns the remaining 50% stake.
Majali came into the public eye following his role in the Oilgate saga that saw him “donate” R11-million of PetroSA’s funds to the ANC ahead of the 2004 elections. – Sapa