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Afristrat is contravening the Companies Act

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Thought to be worth R15bn a year in profits to the major banks, it’s a market that is begging for disruption – and several new challengers are happy to oblige.

The one decision I made myself was the worst decision in my 33 years as an investor: Jeanette Marais, CEO of Momentum Metropolitan Management.It appears fresh leadership is emerging within the Department of Water and Sanitation, better positioning it to demand greater accountability from municipalities.

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Afristrat is contravening the Companies ActA shareholder argued in court that Afristrat (formerly Ecsponent) has received and apparently invested ‘well in excess’ of R2.3bn in funds from mainly elderly pensioners. Moneyweb
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