ARTICLES RELATING TO SYNDICATE

Pain, no gain

2011-04-14 00:00

Picvest’s announcement, last week, that it would immediately cut the cash interest payments on all its property syndicates from the previous 10% and even 12,5% to 6,5%/year is only the beginning of the pain for many a senior citizen who so eagerly invested in the scheme over recent years.

R500m drugs seized in KZN

2009-09-14 17:57

The Hawks have arrested three people linked to an international drug syndicate and seized drugs worth R500m. This follows arrests in London of others linked to the syndicate.

 

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

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