I had money with Herman Pretorius – unit trust manager

3 Aug

Author:  Julius Cobbett

Publications: MoneyWeb

Date Publiched: 03 August 2012

Statement from Maitland Fund Administrators.

JOHANNESBURG – One of Herman Pretorius’s investors is a fund manager at unit trust company 4i Asset Management. This almost beggars belief because Herman Pretorius’s investment scheme had none of the checks and balances that apply to credible investments.

Michal Calitz, a fund manager and director at 4i, is, however, more than just an investor. He was one of Pretorius’s closest friends. A rare public photo of Pretorius shows him posing with his two sons and Calitz on the golf course. They went to the same bible study group, which met every second Friday.

As an investment professional, Calitz should have been ……….

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