Author: Carla Main
Date Published: 31 July 2012
South Africa’s Financial Services Board was investigating Herman Pretorius, who shot the chief executive officer of Cape Town’s Basileus Capital Ltd. dead on July 26 before killing himself.
The FSB, based in Pretoria, started the investigation this month, after receiving allegations “he was conducting business that required that it be regulated, and it was not,” Financial Services Providers Deputy Registrar German Anderson said yesterday in reply to e-mailed questions. The regulator had received complaints Pretorius was soliciting clients for investment purposes, he said.
Pretorius, 40, shot Julian Williams, 37, in the neck and chest before shooting himself in the head, Police Captain Frederick van Wyk said July 27 in an e-mailed statement.Pretorius died on the way to hospital, he said. The two had been partners in Abante Capital, a Cape Town hedge fund.