Herman Pretorius’s “fund” owes R3.1bn to investors – curator

27 Aug

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 27 August 2012

New information shows the scheme to be much larger than originally thought.

JOHANNESBURG- Herman Pretorius’s unregulated Relative Value Arbitrage Fund (RVAF) has turned out to be much larger than originally thought. The fund’s curator, Lambertus von Wielligh Bester, says that records suggest that about R2.2bn was received from the public. And updated quarterly statements show that the fund owes its investors about R3.1bn.

The difference of R900m between the amounts received and owed is most likely explained ………

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