Tag Archives: Tor Konstruksie

SA fund manager faces big losses in Herman Pretorius fallout

3 Oct

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 03 October 2012

JOHANNESBURG – Two Mauritius-based funds, managed by a South African, face big losses as a result of the Herman Pretorius homicide. On July 26 Herman Pretorius shot dead his former business partner, Julian Williams, and then himself. It was later revealed that Pretorius had been operating a R3.1bn Ponzi scheme.

Williams was CEO of private-equity company Basileus Capital. He was also associated with JSE-listed BK One, which has its entire R200m portfolio invested in four Basileus-related companies. The homicide created problems for BK One, because Williams played a key role in its investments.

Already one of BK One’s four investments, Tor Construction, has been placed under provisional liquidation as a result of the shooting. BK One has since proposed an injection of various Basileus assets as part of a business rescue plan.

The biggest investor in BK One is a Mauritius-registered fund called ………

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100de werkloos na besigheid gelikwideer

31 Aug

‘n Lugfoto van Tor Konstruksie se geboue buite Hartenbos.

Author: Louise Karsten

Publications: Mosselbay Advertiser

Date Published: 31 August 2012

MOSSELBAAI NUUS – Ongeveer 800 werknemers van die padboubesigheid, Tor Konstruksie, sit sonder inkomste nadat die maatskappy vroeër die maand noodgedwonge sy deure moes sluit. Dié getal sluit permanente en tydelike werknemers in.

Die direkteur van die maatskappy, mnr André van den Heever, sê Tor se deure is gesluit weens van die afsterwe van die besturende direkteur, Julian Williams, van die private ekwiteit groep Basileus Capital. Williams is einde Julie vermoedelik deur sy voormalige sakevennoot, die miljoenêr-sakeman, Herman Pretorius (55), doodgeskiet. Tor is een van vier maatskappye ………

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Death of Julian Williams causes liquidation threat for JSE investors

23 Aug

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 23 August 2012

director James Ngculu seeks liquidation of a BK One investment.

JOHANNESBURG – Basileus Capital director, James Ngculu wants an investment of JSE-listed BK One declared insolvent. Ngculu is a former ANC member of parliament and the right-hand man of the late Basileus CEO Julian Williams.

Ngculu drafted an affidavit calling for the liquidation of road-building business Tor Construction. Tor Construction is one of four companies …..

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