Was Sharemax illegal, or did the Reserve Bank screw up?
CIPC investigation aims to establish why the R4.6bn scheme failed, in order to restore ‘regulatory integrity’.
Source: moneyweb.co.za
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No prosecution for Sharemax implosion – NPA
Reserve Bank stands by its ruling that Sharemaxs funding model contravened the Banks Act.
Source: moneyweb.co.za