R699 man’s high life

2014-07-13 09:14

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Albert Venter – the man at the helm of the controversial “R699 per month” car scheme – leads a lavish life which many of his customers can only dream of.

Parked behind glass garage doors visible from the street outside his palatial home in the Pretoria suburb of Mooikloof, are his Ferrari FF, Porsche Cayenne Turbo S, Maserati Spyder and Nissan Infiniti SUV.

Venter started the Satinsky general dealership in 2006 and put the “R699 per month” scheme on the market in 2008.

Its huge success allowed him to take regular extravagant overseas holidays to Britain and Switzerland, and hire a butler who prepares him healthy meals.

But now the scheme, in which thousands of South African car owners have participated and which is run by Venter’s company, is on the verge of collapse.

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