We continue to wait for the release by CIPC of their Interim Report on their investigation into the shut-down of the Property Syndication Companies (including Sharemax) in 2010 and also into Nova Property

We share recent correspondence between Deon Pienaar – long time, and a leading activist against the alleged illegalities and irregularities by entities and persons back in 2010 – and Cuma Zwane, Senior Investigator at CIPC – on the status of the investigation

See below for images of two relevant emails

The detailed feedback from CIPC can be read here:

https://www.ndcag.co.za/go/response-letterdj-pienaar

(Note that, for ease of reading the salient content, certain areas have been highlighted. In addition , comments have been inserted in some places. If opened in Adobe Acrobat, the comments panel should be visible. If opened in Chrome – or other browser? – hover your mouse over the purple highlights to see the comment )