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Ponzi king's estate bringing in millions - but not enough

Sunday Times
20 July 2014
Nashira Davids

http://www.timeslive.co.za/sundaytimes/

About R20-million could be added next month to the kitty being accumulated to compensate 3000 investors who lost a total of R2.2-billion in Herman Pretorius’s Ponzi scheme. 556 more words

Electronic Media

Hedge fund scam: more rulings

Author: Angelique Arde

Publications: iOL

Date Published: 20 July 2014

Michal Calitz, the financial adviser who was paid R8.4 million in share profits from the Relative Value Arbitrage Fund (RVAF), which was, in fact, a scam, has been ordered to compensate two more clients who lost money after he advised them to invest in it. 634 more words

Electronic Media

Reflections Day 2

I really enjoyed both of today’s readings. Rettberg mentioned that blogs represent a change in communication from mass media, which assumes consumption but no response, to participatory media. 373 more words

Pretorius-weduwee se spoghuis gou opgeveil

Author: Marelize Barnard

Publications: Die Burger

Date Published : 15 Julie 2014

KAAPSTAD. – Susan-Ann Pretorius, weduwee van die swendelaar Herman Pretorius, se ontwerpershuis met sewe slaapkamers, ’n wynkelder, gimnasium, sauna, private bioskoop en “marmer net waar ’n mens kyk” gaan in Augustus opgeveil word. 380 more words

Electronic Media

Hedge fund scam: second ruling

Author: Angelique Arde          

Publications: iOL

Date Published: 13 Jul 2014

The Ombud for Financial Services Providers has handed down another ruling against financial planner Michal Calitz of Impact Financial Consultants in Bellville. 451 more words

Electronic Media

Pretorius: Makelaar moet geld teruggee

Author: Marelize Barnard

Publications: Die Burger

Date Published : 10 Mei 2014

KAAPSTAD. – ’n Makelaar wat beleggers na wyle Herman Pretorius se beleggingskema gelok het, moet R500 000 plus rente terugbetaal aan een van dié beleggers. 342 more words

Electronic Media

Are industry regulators preserving the integrity of the industry?

Author: Jonathan Faurie

Publications: FANews

Date Published: 9 Jul 2014

Are we as an industry being protected by the regulator? We often receive determinations sent to us by the office of the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), and there is a common thread in most of the determinations. 1,097 more words

Electronic Media