Posts

Trevor Manuel failed Sharemax pensioners

In 2006 Deon Basson pleaded with Ministers Manuel and Mpahlwa to act on Sharemax. In October 2006, journalist Deon Basson wrote to Trevor Manuel and Mandisi Mpahlwa, then the respective Ministers of Finance and Trade and Industry. The letter implored the ministers to do something about property syndication company Sharemax. Basson did not receive a response to his letter. When Basson sent his letter, Sharemax had sold syndications to the value of no more than R1.5bn. It was still in its infancy. By the time of its collapse, in September 2010, Sharemax had sold schemes to the staggering value of R5.5bn . The majority of investors are pensioners. ... Please see the FULL Article on Moneyweb. If anyone is interested in a detailed expose of what is wrong with Sharemax, the article on Moneyweb contains a link to the Prakke report. The Prakke report is an investigation conducted into Sharemax by forensic auditor Andre Prakke. Basson asked Prakke to compile the report to assist him

Fight with property hijackers ends in death : Property News from IOLProperty

Now here is something extremely bizarre!  The Trustee of the Trust that owns the property was thrown in jail for two and a half years after being accused of hijacking the building by the building hijackers.  It is so easy to look at the Deeds Office and see who the owner of the property is and once it is established that it is owned by a Trust, you can ascertain the names of the Trustees from the Master of the High Court (where Trusts are registered).  The whole process should take maybe 2-3 weeks at the most .  How was this man locked up for two and a half years???  Questions should be asked of the police and prosecutors who allowed an innocent man to languish in prison.  His reward for getting out ... to be stabbed to death by the same group of people who falsely accused him. Gareth Shepperson Fight with property hijackers ends in death : Property News from IOLProperty One man's battle to evict building hijackers from a Hillbrow building had a bloody ending, with suspect

Tshwane cleans up Pretoria city centre

Tshwane cleans up Pretoria city centre The Tshwane Metro Police will this year continue Operation I Can, its clean-up initiative targeted at the inner city. As part of this initiative, which started last August, the metro police last week demolished a dilapidated building on the corner of WF Nkomo and Kgosi Mampuru streets. Spokesman Senior Superintendent Isaac Mahamba said during the operation they looked for all types of criminal activity and irregularities related to dilapidated buildings, illegal structures and contraventions of by-laws. The building belonged to the city. "It was recommended that the building be destroyed. There are no plans for developing the property as yet," said SA councillor Sam Moimane. The property has been rezoned for business purposes. Thomas Mangwane who had been living in the old building for more than 10 years, claimed he owned the property but Moimane rejected his claim. "He applied for rights to the property but it was neve

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!