The Johannesburg Stock Exchange (JSE) Securities Exchange is predicted to suspend Gencor's listing following this summer's unbundling of its share in Impala Platinum.

The company now has assets worth just R103 million in cash, in severe contrast with last year's figures, which saw executive chairman Mike McMahon alone receive R20.3 million in total from the firm.

R35 million of the remaining assets has been earmarked for a rehabilitation claim made by a tribal authority and an environmental group, just one of several claims centring around asbestosis and land rehabilitation.

The company has already paid R480 million 'without any admission of liability of any nature whatsoever and in full and final settlement of all claims and potential claims' for the asbestos allegations.

Current executive chairman Attie du Plessis had insisted last year that then directors did 'not believe that Gencor is liable in South African law for these claims', so no provision was made for them in 2002's accounts.