The high life of an alleged cable theft king

2014-10-26 18:15
(Pam Golding Properties)

(Pam Golding Properties)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The scrap metal dealer nabbed last weekend with allegedly stolen copper cable in his BMW X5 owns an opulent four-bedroom mansion that’s been featured on Top Billing, City Press reports.

Neil Davies’ posh pad in Joburg’s northern suburbs is on the market for R12.5m and boasts custom-designed furniture, patterned wallpaper and an elaborate landscaped garden.

The Oaklands property - which a deed search shows Davies registered in his wife Lara’s name in 2011 for about R5.5m - is being marketed by Pam Golding Properties.

On its website, the property group urges buyers to “prepare to fall in love with this Top Billing and SA Garden and Home featured home” that is set in a “lush, treed garden on 1 362 metres squared”.

Before moving into the Oaklands home, Davies lived in an equally plush townhouse in Abbotsford, also in northern Joburg. Court records obtained by City Press show that Davies and his Abbotsford neighbours, Etienne and Yuval Rozentvaig, were charged with fraud and an alternative charge of theft in the Johannesburg Specialised Commercial Crimes Court.

The three allegedly sold sand to Davies’ previous employers, the New Reclamation Group (Reclam). They were allegedly paid the same price they would have got for scrap copper. All three were out on bail last week when Davies was nabbed again.

Davies was arrested with four others on charges of theft while piling copper into his BMW last week. Police officers believe the copper was stolen from Eskom power stations in Roodepoort.

Davies was granted bail on Friday. His co-accused were each granted bail of R3 000 on Thursday. He also has a pending criminal case at the Hillbrow Magistrates’ Court related to the theft of more than R100 000 in cash from a Reclam branch.

Attempts to contact Davies and his lawyers last week were unsuccessful.

Dealing with scrap metal is in the 44-year-old’s blood. He learnt the trade from his father, Lawrance, who ran a scrap metal recycling business on the West Rand. Davies qualified as an accountant in 1997, according to affidavits from a bruising court battle between him and Reclam.

He told the court that “his love of the scrap metals industry started as a child” and that eventually he wanted to take over his father’s business.

Davies joined Reclam after it bought his father’s business and, according to the affidavits, he traded in scrap locally and internationally, handling everything from price negotiation, logistics and monitoring supplies to building up close relationships with customers and suppliers, and submitting tenders for buying scrap from government.

Reclam’s attorney, Michael Strauss, told City Press that Davies was dismissed following “huge stock losses and theft” at the West Rand branches Davies managed.

The group took Davies and his new employers, West Rand Scrap, to court last year to try to enforce a restraint of trade agreement it made him sign in 2008. This came after Davies started to compete directly with his former employers following his dismissal.

Davies won the court battle, but Reclam appealed and judgment is pending. Industry insiders told City Press that Davies’ competition had dealt a significant blow to Reclam’s West Rand business.

But he has also wrecked his relationship with the current owners of West Rand Scrap. The owners, who asked not to be named, said that they wanted nothing to do with Davies.

“Every time I think about him, I get so furious. He did to us exactly what he did to Reclam. I want nothing to do with him. One day he’ll get what’s coming to him,” said one of the owners.

Read more on:    johannesburg  |  crime

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
91 comments
Comments have been closed for this article.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.