Michael Blackbeard News Today

CIPC investigation aims to establish why the R4.6bn scheme failed, in order to restore ‘regulatory integrity’.

MONEYWEB Despite being warned of the disastrous consequences for investors. 00:01  The abandoned Villa Retail Park development in Pretoria. Its prospectus was issued after the launch of a Sarb investigation into Sharemax in 2007. Image: Moneyweb The South African Reserve Bank (Sarb) issued directives against Sharemax in 2010 despite a warning by a senior advocate about the disastrous financial consequences “an over hasty approach” could have for investors because urgent high court...