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CRG appeal upheld in dispute against Puno

Despite there being no resolution in sight to a protracted legal dispute surrounding shareholder funding provisions related to empowerment partner Puno Gold Investment, dual-listed Central Rand Gold (CRG) remained confident of the strength of its case as it headed back to the Supreme Court. The company on Monday said the High Court of South Africa upheld the appeal by CRG against an earlier judgment by the Supreme Court that determined that debt had been prescribed and awarded a cost order in favour of CRG.