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Documents released by a shareholder activist organization on Tuesday show that Thungela Resources has been ordered to repair the environmental damage or face legal action.
The Department of Water and Sanitation has confirmed that criminal investigation is under way in relation to an acid mine drainage spill at a Thungela-owned mine.
‘We need shareholders to be alive to these risks and, in terms of ESG, challenge Thungela on [its] misleading and inaccurate claims’: Robyn Hugo of Just Share.
Group's share price over 4% down on the JSE in afternoon trade.
‘The Protected Disclosures Act is not worth the paper it’s written on,’ says Just Share director Tracey Davies. ‘It is due to the bravery of whistle-blowers that the Zuma regime came to an end, yet they are not highly regarded and continue to suffer terribly — their jobs go first, the...