Cape claimants challenge Gencor scheme

Over 7,000 unpaid asbestos victims have joined the legal challenge to the “unbundling” of South African mining group, Gencor, along with former employees involved in the asbestos operations of Gencor’s former subsidiary Gefco. A main objection to the unbundling is the provision of US$37.8mn to defend asbestos claims, though no provision to pay potential compensation.