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investors
Escalating US tariffs send SA market into tailspin amid political uncertainty
South Africa's economy faces mounting pressure as the rand plummets to a near two-year low amidst escalating US-China trade tensions and uncertainty over the future of the Government of National Unity. Experts warn that further political instability could drive the rand beyond R22. 00/$1, while global markets experience their steepest declines since the COVID-19 pandemic
KleuterZone preschool empire faces liquidation amid R130m investment scandal
The Gauteng High Court has placed KleuterZone under provisional liquidation after investors raised alarm over a possible R130 million investment scheme. With over 1,300 investors affected and the company's founder reportedly fleeing South Africa, the preschool group's promise of 62. 4% annual returns has come under intense scrutiny.
Court to hear urgent liquidation application against KleuterZone investment scheme
Investors in the KleuterZone scheme headed by Anthonie Bougas, are calling for urgent court intervention following allegations of financial misconduct.