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Johannesburg –Sharemax on Wednesday for the first time spoke of changes to its top team since allegations of impropriety were levelled at the property syndication group in August.
The group said its Financial Director Dominique Haese, was appointed as the acting managing director to maintain the day-to-day workings of the syndication’s business.
Haese replaces Willie Botha, who was relieved of his duties in August.
The announcement was made by Neels Alant, one of the statutory managers who was appointed by the Registrar of Banks.
The managers are investigating whether the syndication infringed on the Banks Act in the way it received deposits from investors.
Alant said the group can still enact internal changes as and when they deem it appropriate.
“Sharemax is showing they want to communicate,” he said.
According to Alant, the change in management was not at the behest of the statutory managers.
“The appointment allows for continued and expedited focus on seeking positive solutions for the investors in the different syndicated property companies, whilst maintaining business as usual and the orderly management of Sharemax,” it said in a statement.
“Her appointment also allows for a focused cooperation with the South African Reserve Bank appointed statutory managers.”
- Fin24
The group said its Financial Director Dominique Haese, was appointed as the acting managing director to maintain the day-to-day workings of the syndication’s business.
Haese replaces Willie Botha, who was relieved of his duties in August.
The announcement was made by Neels Alant, one of the statutory managers who was appointed by the Registrar of Banks.
The managers are investigating whether the syndication infringed on the Banks Act in the way it received deposits from investors.
Alant said the group can still enact internal changes as and when they deem it appropriate.
“Sharemax is showing they want to communicate,” he said.
According to Alant, the change in management was not at the behest of the statutory managers.
“The appointment allows for continued and expedited focus on seeking positive solutions for the investors in the different syndicated property companies, whilst maintaining business as usual and the orderly management of Sharemax,” it said in a statement.
“Her appointment also allows for a focused cooperation with the South African Reserve Bank appointed statutory managers.”
- Fin24
