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Update for Investors in SuraPure Drinks, NaxaInvest and NaxaPhase
Published Date:
2014-10-14
Last Modified Date:
2020-10-08, 08:07 PM
Category:
Media > Media Releases
The Registrar of Banks appointed employees of Ernst & Young (EY) as temporary inspectors to conduct an investigation into the business activities conducted by SuraPure Drinks (Pty) Limited and/or SuraPure Drinks CC and/or NaxaInvest and/or NaxaPhase and/or Cornelius van der Merwe and/or Liesel Oosthuizen and/or any related person/s or entity/ies (“SuraPure”). The investigation concluded that these entities/persons contravened the Banks Act, 1990 (Act No. 94 of 1990) as Amended, by conducting the business of a bank whilst not being registered as such.A directive to repay investors was issued by the Registrar to SuraPure and KPMG Services (Pty) Limited (“KPMG”) was subsequently appointed as repayment administrators.KPMG is currently compiling a list of investors of SuraPure and has set-up a dedicated telephone line through which investors can submit their details.SuraPure investors can contact 0800 000 806 Issued by:Hlengani MathebulaHead: Group Strategy & CommunicationsTel.: +27 12 313 4210Cell: +27 82 448 9219