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Article

30 Sep 2002

Author:
Business Day [South Africa]

Asbestos claim case takes new twist with Gencor: Workers to challenge company's unbundling [South Africa]

The case brought by 7500 SA mineworkers against UK multinational Cape plc took a new twist last Friday when London lawyers joined forces with SA lawyers to challenge the terms of Gencor's proposed unbundling. Gencor's shareholders are scheduled to meet on Wednesday on whether or not to approve the proposal which provides R409m for the costs of defending asbestos claims, but no provision to compensate victims.

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