By: Radhakrishna N S
A mining contractor in South Africa owned by the Indian origin Gupta family has been put into liquidation, said a media report quoting the people with the knowledge of the issue. Westdawn Investments, which is running the business as JIC Mining Services (Pty) Ltd has taken loans almost $1.2 million and the firm received a liquidation communication on Friday (2) from a liquidator sent by the high court. Kal Tire Mining, which JIC owes £48236 brought the application, quoted the people with the knowledge as saying by Bloomberg. As many as 800 staff members are expected to lose their jobs…
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