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02/prospectus/S8446/Retail Park 151107 final SHAREMAX ZAMBEZI RETAIL PARK HOLDINGS LIMITED (Registration number 2006/028220/06 (Incorporated in the Republic of South Africa) PROSPECTUS In respect.

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Twice. Sharemax was started in 1999 by Willie Botha, a businessman with a shady past involvement in the failed Oude Molen property syndication scheme.

During the 2020/2021 financial year, the FAIS Ombud (the acting ombud is Adv Nonku Tshombe) received 10 552 new complaints. This represents a 19.43% increase over the 8 835 complaints received over the preceding financial year.

The implosion of the R4. 6 billion property syndication scheme Sharemax and the failure of its subsequent 'rescue scheme' to repay investors are a massive indictment of South African regulators. More than a decade after the spectacular implosion, not a single individual has been prosecuted or held accountable.

Rivonia Square was the first former Sharemax property Nova disposed of. It was sold in May 2012 for R115 million. Nova acquired Convey Assist without commissioning an independent valuation, which would have indicated appropriate corporate governance.

The Nova Property Group, the company set up to 'rescue' the R4. 6 billion that around 18 700 people invested in Sharemax, said this week it would not repay investors within the ten-year period envisaged in the original rescue plan. The ten-year period expires on January 20, 2022.

Sharemax was started in 1999 by Willie Botha, a businessperson with a shady past involvement in the failed Oude Molen property syndication scheme.

Sharemax was the promoter of various property syndication schemes, including The Villa and Zambezi retail parks. Le Roux said Sharemax promoted 49 successful property syndication schemes prior to The Villa and Zambezi. “The Villa imploded but that was because of the intervention of the Reserve Bank.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232