Pamodzi liquidators cannot locate former president’s nephew
That’s the question lawyers acting for the liquidators of the Pamodzi mining group are asking in their continuing attempts to recover the more than R1.4bn former president Jacob Zuma’s nephew personally owes to creditors.On the return date in early March, there was no response from Zuma. Advocate Clayton Edy, for the liquidators, asked at the time that the matter be adjourned until Friday “because there are attempts to settle the matter”.
The judge said she wanted an affidavit detailing all attempts at service before she could consider finalising the order. The matter was adjourned until June. Pamodzi’s mines were placed in liquidation in 2009. Two —Orkney and Grootvlei — were “bought” by Aurora Empowerment Systems, of which Zuma was one of five directors. The company took control of the mines and “stripped” them of their assets and gold produce without paying anything for them.
Engelbrecht said while Zuma made the down payment and some instalments, these had dried up and now the full amounts were due and payable.
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