The controversial sale of Mupane Gold Mine to locally-owned Hawks Mining in 2022 may have been nothing short of a heist, a statutory manager’s report suggests raising serious questions about the transaction and its aftermath.
In a new report to creditors and presented before Masters of the High Court Silibaliso Daramola , liquidator Kopanang Thekiso outlined a number of irregularities surrounding the mine’s sale by former Canadian owner Galane Gold Ltd warning that the deal could be tainted by asset stripping, financial manipulation and possible breaches of fiduciary duty.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
