Court sets aside appointment of Shiva Uranium, further prolonging four-year legal wrangle
Earlier this year, Shiva Uranium was one of eight Gupta-owned companies that underwent business rescue processes
Louis Klopper and Robert Knoop resigned ahead of a legal battle between the IDC, the Gupta-owned company and the business rescue practitioners
The Financial Intelligence Centre in August listed 72 suspicious transactions spanning about four years.
The Industrial Development Corporation continues to claim it will do well out of the Oakbay deal for the Shiva mine but uranium’s future is uncertain.
Mineral Resources Minister Mosebenzi Zwane has been linked to the Guptas and will now oversee a sector in which the family has strong interests.
The state development funder has cut family-controlled mining firm Oakbay Resources and Energy huge slack on a loan it struggled to service.
Dominionville residents expected a boom town when Shiva Uranium foretold promises of riches, but white poverty and black despair remain years later.
Subcontractors at the Gupta family’s Shiva Uranium mine are crying foul over the company’s alleged failure to pay for services provided.