Lerala Mine dodged paying taxes � Liquidator

In a report presented to the creditors last week, provisional liquidator, Kopanang Thekiso said total liabilities of the company are P615 million, noting that as far as he has been able to establish, there are preferred and concurrent creditors only. He noted that none of the creditors’ claims have been proven at this stage.

“What is clear is that there was very little compliance to tax and other regulatory requirements,” said Thekiso. According to him, government royalties, withholding tax and PAYE (pay as you earn) were not paid over extended periods of time and that there are no records locally to establish the extent of the problem.