Too little, too late to stop Ponzi plots

2013-03-13 11:41

Any positive steps taken to protect the investing public have to be done with some form of authority and meaningful implementation, says an investor activist.

Some loss for investors

2011-05-26 00:00

At long last the so-called new independent directors of Sharemax-promoted property syndications admitted last week that investors will – or already have – lost a large portion of their capital.

Sharemax malls may be saved

2011-05-03 08:21

Sharemax’s biggest property syndications have been saved from liquidation, but investors may have to wait up to 20 years for their money.

Nightmare time

2011-04-28 00:00

Estate duty, at 20% of the inflated value still being placed on Sharemax-promoted investments, represents a significant threat to estates with large exposure to such investments.

A scheme to save Sharemax

2011-03-24 00:00

“The Reserve Bank directive that investors’ capital must be protected certainly doesn’t mean the statutory managers may not sell assets at less than cost price or syndication value.” – Advocate Michael Blackbeard, for the Bank

New plan punted to save Sharemax

2011-03-23 07:02

Financial advisers are advocating a Section 311 scheme of arrangement to settle the affairs of the embattled company, writes Vic de Klerk.

Vontas still eyeing Sharemax

2011-02-14 11:10

Real estate personality Niki Vontas is waiting in the wings as Sharemax's statutory manager completes an evaluation of the company, writes Joan Muller.

Sharemax: The Villa may be saved

2011-01-16 12:32

There may be some good news for investors in The Villa, the biggest Sharemax Group investment scheme.

Sharemax saviour in cash crunch

2010-11-21 08:30

Realcor, one of the companies that has come to the fore as a possible white knight for Sharemax, itself has problems managing cash.


Sharemax et al: brokers to pay up

2012-09-10 09:23

Clients who have lost billions in dubious property schemes can now claim the money back from advisers without lodging a claim in the high court.


2011-05-12 00:00

The two main shareholders of Sharemax Investments – Willie Botha and André Brand – will receive R40m in exchange for their so-called claims against the Sharemax promoted property syndications in terms of the proposed scheme of arrangement for Zambezi Holdings.

More woes for investors

2011-04-28 00:00

Those Sharemax-promoted investors who poured R765m into the Zambezi Mall development since 2007 will receive their documentation on the proposed Article 311 scheme in a week or two.

Panic over another property scheme

2011-04-05 07:58

Alarm is spreading among thousands of investors in another big property syndication manager.

Sharemaxers droom voort

2011-03-24 00:00

“Die direktief van die Reserwebank dat beleggers se kapitaal beskerm moet word, beteken allermins dat die statutêre bestuurders nie bates teen minder as kosprys of sindikaat-waarde mag verkoop nie.” – adv. Michael Blackbeard, Reserwebank

Why Sharemax deserves a death blow

2011-03-08 06:49

Vic de Klerk calls for a coup de grâce for Sharemax and its property syndications, which have been mired in controversy for several months.

Sharemax uncertainty nearing end

2011-01-19 06:39

A scheme has been proposed to set in motion a process to determine how much each investor could get back.

Sharemax investors face disaster

2010-12-08 06:37

Embattled investors in a Sharemax property scheme are encountering fresh problems.

Sharemax: dream on

2010-09-09 21:27

Steve Booysen and Dawie Roodt are not yet in bed, but they are keen, says Vic de Klerk.

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