Rescue of distressed Shiva Uranium resumes after months of delays
Business rescue practitioner Christopher Monyela says workers received a full month’s salary in December
The rescue of the Gupta’s embattled Shiva Uranium has sprung back into action after months of delays. According to business rescue practitioner Christopher Monyela, Shiva workers who had not been paid since July received a full month’s salary in December. Further, a section 189 retrenchment process was completed. “The purpose is not entirely to retrench the employees,” said Monyela. “It’s also to enable the workers to get UIF [Unemployment Insurance Fund] as well as their provident funds.” If Shiva Uranium can be sold as a going concern, these employees will be given first right of refusal, meaning the new owners must consider the former employees before hiring new workers. The process of medical exit examinations has also now begun at Shiva. A medical exit certificate is required for any worker seeking employment at another mine. In February 2018 Shiva Uranium and eight other Gupta-affiliated businesses were placed into business rescue — a provision of the Companies Act for helping...
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