Date Publiched: 01 August 2012
The RVAF, which owes investors R1.8bn, placed under provisional sequestration.
JOHANNESBURG – The Cape Town High Court has granted an order to sequestrate Herman Pretorius’s scheme. Pretorius was a supposed investment guru who had ran a scheme called the Relative Value Arbitrage Fund. The scheme, which took the form of a trust, had an estimated 3000 investors who are owed about R1.8bn. Pretorius allegedly shot his former business partner and then himself on Thursday last week.