Forfeiture unit in court bid to seize R3.4bn Optimum assets

The state’s ambition to confiscate R3.4bn worth of Optimum assets, once the Guptas’ prized coal business with partner Duduzane Zuma, advanced on Friday when two asset forfeiture bids were lodged in the high court in Pretoria.

Most of the assets are Optimum Coal Mine and Optimum Coal Terminal shares held by Tegeta, and the business itself...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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R3.4-billion voluntarily returned by employers who were TERS beneficiaries: UIF - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Unemployment Insurance Fund (UIF) says R3.4-billion has been voluntarily returned by employers who benefited from the COVID-19 Temporary Employer-Employee Relief Scheme (TERS). They refused to pay the workers during the height of the engineered lockdown, now they act all so noble Is because those employers refused to pay black workers Yoh hai
Source: SABCNews - 🏆 37. / 51 Read more »