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LATEST MEDIA REPORTS | NUUTSTE MEDIABERIGTE


READ / LEES
Late Registations for 2018 will be considered on an ad hoc basis.

Laat registrasies vir 2018 sal oorweeg word op ‘n ad hoc basis.

WHAT IS THE HS ACTION GROUP?

The objective of the Highveld Syndication Action Group (“HSAG”) is to approach the High Court of South Africa on application for orders granting leave to the investors in the various Highveld Syndication Companies, as set out hereunder, to institute eight class actions, four on behalf of Highveld Syndications 15 to 18 and another four on behalf of Highveld Syndications 19 to 22 (unless otherwise directed by the Court). Learn More…

IMPORTANT: SEE THE LATEST NOTICES HERE (CONTINUOUSLY UPDATED)
BELANGRIK: SIEN DIE NUUTSTE KENNISGEWINGS HIER (DEURLOPEND OPGEDATEER)

Registrasies | Registrations

Late Registations for 2018 will be considered on an ad hoc basic /
Laat registrasies vir 2018 sal oorweeg word op ‘n ad hoc basis.

 

 

Register here | Registreer hier

“Whistle Here”

Indien u enige inligting graag anoniem wil aanmeld, gebruik gerus die onderstaande e-pos adres. / Should you need to report any information anonymously, please use the email address below.

hsagwhistle@gmail.com
 

KENNISGEWINGS | NOTICES

LATEST NOTICES (CONTINUOUSLY UPDATED) | NUUTSTE KENNISGEWINGS (DEURLOPEND OPGEDATEER) 

 


AUGUST / AUGUSTUS 2018


HSAG NEWS FLASH

3 August 2018

LETTER TO ORTOTOUCH’S ATTORNEYS WITH REGARDS TO THE NON PAYMENT OF INTEREST

We confirm that the HSAG’s legal team addressed a letter to Orthotouch’s attorneys of record with regards to the non-payment of HSAG members interest.

Orthotouch’s attorneys previously confirmed in writing that Orthotouch will honour the Scheme of Arrangement (SoA). The SoA stipulates that payment of interest to investors is not dependent on monies received from Zephan.

Orthotouch’s attorneys were informed that Orthotouch cannot withhold payments because on non-payment by Zephan and were given three days to confirm that Orthotouch will continue with payments.

Click here to view the letter to Orthotouch’s attorneys of record with regards to the non-payment of HSAG members interest.

HSAG STEERING COMMITTEE


JULY / JULIE 2018 


HSAG NEWS FLASH

27 JULY 2018

CERTIFICATION OF A CLASS ACTION: HS 21 & 22

In light of the recent successful developments against Georgiou and Zephan, inter alia where the Courts have determined that the business rescue plan and the Sec 155 Scheme of Arrangement have no effect on the buyback clause for claims of investors in HS 21 and HS 22, the attorneys for the HSAG proceeded today to issue and serve court documents on Mr Georgiou and 20 other Respondents to expedite their certification applications.

The HSAG will now immediatley proceed with the Certification of the class action regarding investors who invested in the above-mentioned syndications.

In terms of the Notice of Motion, the Respondents should serve and file a Notice of Intention to Oppose (if they want to oppose this Notice of Motion) within 5 days after service whereafter Opposing papers should be served and filed whithin 15 court days.

Click here to view the Notice of Motion, Affidavit and its Annexures (Parts 1, 2 & 3). 

HSAG Steering Committee

 

HSAG IMPORTANT NEWS FLASH 

13 JULY 2018 

Kindly click here to view the lastest HSAG news flash regarding Hancke / Georgiou hoax.  

HSAG Steering Committee

 

HSAG NEWS FLASH

11 JULY 2018

LETTER TO ORTHOTOUCH AND KLOPPER’S ATTORNEYS

Click here to read the HSAG’s letter to Messrs Natalie Lubbe Inc. with regards to the interest payments of the HSAG Investors.

HSAG Management Committee

 

HSAG NEWS FLASH

10 JULY 2018

LETTER TO COHEN’S ATTORNEYS

On 4 July 2018 Mr Cohen’s attorneys of record sent a letter to the HSAG’s legal team addressing the issues raised in the latest HSAG Newsletter.

Click here to read the HSAG’s reply to the said letter.

We will keep you updated.

HSAG Management Committee


JUNE / JUNIE 2018


IMPORTANT HSAG NEWS FLASH

Click here to read the HSAG’s latest news flash. 

BELANGRIKE HSAG NUUSFLITS

Kliek hier om die nuutste HSAG nuusflits te lees. 


MAY / MEI 2018


HSAG NEWS FLASH

Click here to read the HSAG’s reply to Orthotouch’s Media Statement. 

HSAG Management Committee

18 MAY 2018

 

HSAG NEWS FLASH

15 MAY 2018

Five Supreme Court of Appeal Judges had harsh words for Mr Nic Georgiou and Orthotouch on Tuesday 8 May 2018 when their legal teams appeared before five judges to argue their appeals against the judgements of the Pretoria and Johannesburg High Courts.

Even before argument got under way, Judge Mahomed Navsa posed difficult questions for the counsel representing Georgiou and Orthotouch and expressed his extreme displeasure regarding the manner in which the former applicants and their attorney, Mr Jeff Donenberg, acted when they attempted to terminate the mandate of the HSAG attorneys and thereafter, without any prior notice, tried to withdraw the certification of the class action and setting aside of the scheme of arrangement of Orthotouch.

Judge Navsa said that he did not know how an attorney (Jeff Donenberg) could get away with it. He also said that Georgiou knew exactly what he was doing by settling the former Applicants claims and that he prevented the HSAG from pursuing the class action.

Acting Judge Ashton Schippers went further by saying that Georgiou’s conduct was an infringement of section 34 of the Constitution of South Africa.  This constitutional provision relates to access to the courts and the attainment of justice.

Judge Steven Majiedt and Acting Judge Owen Rogers actively supported judge Navsa in his stinging criticism of Georgiou.  Judge Nigel Willis stated that the appeal application was a ploy by Georgiou to derail the class action.

All five judges made it clear that it was a deliberate scheme to stop the class action.

Judge Navsa instructed counsel for Georgiou and Orthotouch to take instructions regarding whether they wanted to proceed with the appeals.

The Court adjourned for a short tea break whereafter both Georgiou’s and Orthotouch threw in the towel and withdrew the four appeals, two in the Pretoria High Court – one against the reinstatement of the certification of the class action and the other against the substitution of the HSAG apllicants and two in the Johannesburg High Court – one against the setting aside of the Orthotouch S155 Scheme of Arrangement and the other against the substitution of the HSAG apllicants in that case.

Georgiou and Orthotouch also tendered the costs for the appeals.

The HSAG legal team refused to accept an ordinary costs order and made a strong case that a punitive cost order in favour of the HSAG class action should be granted.  This was on account the gross abuse of the court process and because Georgiou/Orthotouch deliberately conspired to derail the class action, and in the process delayed the certification and rescission application by 18 months.

The appeals were then withdrawn and the costs argument was reserved.

Soon after the Court adjourned, Georgiou and Orthotouch’s legal team together with the HSAG legal team approached the judges in chambers where their tender of costs on a punitive (attorney and client scale) was made an order of court.

This represents yet another major victory for the HSAG. It is unheard of that an appellant withdraws an appeal and then tenders attorney client costs. The HSAG can now continue with the application for certification of the class action and the application for rescission of the S155 Scheme of Arrangement (“SoA”).”

The fact that the Appellants withdrew the Appeals, also closes the door for Georgiou / Orthotouch to approach the Constitutional Court of South Africa.

The HSAG will now, inter alia, proceed to enforce the Order of Judge Brian Spilg, in terms of which Orthotouch its appointed business rescue practitioner, Mr Hans Klopper, were ordered to provide to the HSAG’s attorneys with a full list of all known investors in the scheme so that the HSAG can notify the investors of the intended setting aside of the SoA.

HSAG Management Committee

 

HSAG NUUSFLITS

15 MEI 2018

Vyf Regters van die Hoogste Hof van Appèl het Dinsdag, 8 Mei 2018, harde woorde vir mnr Nic Georgiou en Orthotouch gehad toe hul regspanne voor die Hof verskyn het om hul appèlle teen die uitsprake van die Hooggeregshof in Pretoria en Johannesburg te argumenteer.

Selfs voor die aanvang van die argumente, het Regter Mahomed Navsa moeilike vrae aan die regspan gestel wat namens Georgiou en Orthotouch optree. Hy het sy uiterste ontevredenheid uitgespreek oor die wyse waarop die voormalige applikante en hul prokureur, mnr Jeff Donenberg, opgetree het toe hulle probeer het om die mandaat van die HSAG-prokureurs te beëindig en daarna, sonder enige voorafgaande kennisgewing, probeer het om die sertifisering van die klas-aksie asook die tersydestelling van die reëlingskema van Orthotouch, terug te trek.

Regter Navsa het gesê dat hy nie weet hoe ‘n prokureur (Jeff Donenberg) hiermee kan wegkom nie. Hy het ook gesê dat Georgiou presies geweet het wat hy doen deur die eise van die voormalige applikante te skik en dat hy die HSAG verhoed het om die klas-aksie voort te sit.

Waarnemende Regter Ashton Schippers het verder gegaan deur te sê dat Georgiou se optrede ‘n oortreding was van artikel 34 van die Grondwet van Suid-Afrika. Hierdie grondwetlike bepaling handel met die reg op toegang tot die howe en die bereiking van geregtigheid.

Regter Steven Majiedt en waarnemende Regter Rogers het Regter Navsa aktief ondersteun in sy strydende kritiek op Georgiou. Regter Nigel Willis het verklaar dat die appèl-aansoek ‘n poging deur Georgiou was om die klas-aksie te ontspoor.

Al vyf Regters het dit duidelik gemaak dat dit ‘n doelbewuste skema was om die klas-aksie te stop.

Regter Navsa het Georgiou en Orthotouch se regsverteenwoordigers versoek om instruksies te kry by hul kliënte aangaande hul voorneme om met die appèlle voort te gaan.

Die hof het toe verdaag vir ‘n kort teebreek waarna beide Georgiou en Orthotouch die handdoek in gegooi het en die vier appèlle, twee in die hooggeregshof van Pretoria teruggetrek het – een teen die herinstelling van die sertifisering van die klas-aksie en die ander teen die vervanging van die HSAG apllikante en twee in die hooggeregshof van Johannesburg teruggetrek het- een teen die tersydestelling van die Orthotouch S155 Reëlingskema en die ander teen die vervanging van die HSAG-applikante in daardie saak. Georgiou en Orthotouch het ook die koste vir die appèlle aangebied.

Die HSAG regspan het geweier om ‘n gewone kostebevel te aanvaar en het ‘n sterk saak uitgemaak dat ‘n bestraffende koste-bevel ten gunste van die HSAG-klas-aksie toegestaan moet word. Dit was op grond van die growwe misbruik van die hofproses en omdat Georgiou / Orthotouch doelbewus saamgespan het om die klas-aksie te ontspoor en in die proses die sertifiserings- en tersydestellingsaansoek met 18 maande vertraag het.

Die appèlle is teruggetrek en die koste-argument is gereserveer.

Kort nadat die hof verdaag het, het Georgiou en Orthotouch se regspan, saam met die regspan van die HSAG, die Regters in kamers genader waar hul die tender van bestraffende kostes (prokureur- en- kliënt skaal) ‘n bevel van die hof gemaak is.

Hierdie verteenwoordig nog ‘n groot oorwinning vir die HSAG. Dit is ongehoord dat ‘n appellant ‘n appèl terugtrek en dan daarmee saam prokureur kliënt kostes tender. Die HSAG kan nou voortgaan met die aansoek om sertifisering van die klas-aksie en die aansoek om die S155-reëlingskema ter syde te stel.

Die feit dat die Appellante die Appèlle teruggetrek het, sluit ook die deur vir Georgiou / Orthotouch om die Konstitusionele Hof van Suid-Afrika te nader.

Die HSAG gaan nou onder meer die bevel van regter Brian Spilg afdwing, waarvolgens Orthotouch se sakereddingspraktisyn, mnr Hans Klopper, beveel is om ‘n volledige lys van alle bekende beleggers in die skema aan die HSAG se prokureurs te voorsien sodat die HSAG hierdie beleggers in kennis kan stel van die beoogde tersydestelling van die S155-reëlingskema.

HSAG Bestuurskomitee

 

HSAG INFORMATION SESSION 2018: BLOEMFONTEIN

The HSAG Board will be in Bloemfontein during the week of 8 May 2018 for the arguments of the Appeals, and an information session in Bloemfontein will be held on Wednesday, 9 May 2018 at a HSAG Management Meeting.

Date: 9 May 2018

Time: 10h30 for 11h00 until 13h00

Location:     

CENTRUM HALL AT WESTERBLOEM RETIREMENT VILLAGE

22 VAN HEERDEN STREET

WILGEHOF

BLOEMFONTEIN

If you would like to attend the information session in Bloemfontein, we kindly request you to send an e-mail with your full name, surname and identity number to hsagregister@gmail.com in order for your name to be added to a registration list.

 

HSAG INLIGTINGSESSIE 2018: BLOEMFONTEIN

Die HSAG-bestuur sal gedurende die week van 8 Mei 2018 in Bloemfontein wees vir die argumentering van die Appèlle, en is daar tydens ʼn HSAG-bestuursvergadering besluit dat daar op Woensdag, 9 Mei 2018 ʼn Inligtingsessie in Bloemfontein gehou sal word.

Datum: 9 Mei 2018

Tyd: 10h30 vir 11uur tot 13h00

Plek:

SENTRUMSAAL TE WESTERBLOEM AFTREE-OORD.

VAN HEERDENSTRAAT 22

WILGEHOF

        BLOEMFONTEIN        

Indien u sou belangstel om die inligtingsessie in Bloemfontein by te woon, wil ons u vriendelik versoek op ʼn e-pos met u volle name, van en identiteitsnommer te stuur na hsagregister@gmail.com ten einde u naam op ʼn registerlys te voeg.


MARCH / MAART 2018


HSAG NEWS FLASH

26 March 2018 

The HSAG served and filed its Heads of Argument on Friday, 23 March 2018, in accordance with the directives issued by the Supreme Court of Appeal. 

Click here to read the Heads of Argument in the Pretoria appeal matter. 

Click here to read the Heads of Argument in the Johannesburg appeal matter. 

 

HSAG NEWS FLASH

13 March 2018

ANOTHER VICTORY FOR THE HSAG WITH APPEAL DATE RETAINED!

Since the President of the Supreme Court of Appeal (SCA) issued a directive for the expedited date of hearing the appeal, Mr Nic Georgiou and others once again tried to delay the Court process, by informing the Registrar that their advocates were not available on 8 May 2018.

Orthotouch’s attorneys requested that the date be postponed to another date.

Without first obtaining such permission from the SCA Registrar, Orthotouch’s legal representatives arranged a new date with the HSAG’s councel and then consulted with the Registrar without the HSAG attorneys present, to which our legal team objected.

Both Orthotouch and Mr Georgiou’s advocates are new on the matters and new counsel could easily be briefed for the hearing date without much inconvenience.

The President of the SCA issued a further directive:

  1. The Appellants must serve and file their Heads of Argument on or before 16 March 2018;
  2. The HSAG must serve and file its Heads of Argument on or before 23 March 2018;
  3. The President of the SCA did not entertain the Appellants request to postpone the Appeal date, thus the Appeals are still to be heard on 8 May 2018.

We will keep you updated.

 

HSAG Management Committee

 

HSAG NUUSFLITS

13 Maart 2018

NOG ‘N OORWINNING VIR DIE HSAG TEN AANSIEN VAN DIE APPÈLDATUM!

Sedert die President van die Hoogste Hof van Appèl (HHA) ‘n aanwysing uitgereik het met betrekking tot die aanhoor van die Appèlle op ‘n bespoedigde basis, het Mnr Georgiou en ander weereens probeer om die Hofproses uit te rek deur die Registrateur van die HHA in kennis te stel dat hul Advokate nie op 8 Mei 2018 beskikbaar is nie.

Orthotouch se prokureurs het derhalwe versoek dat die datum uitgestel moet word.

Sonder om toestemming van die Registrateur van die HHA te verkry, het Orthotouch se prokureurs die HSAG se regsverteenwoordigers genader ten einde ‘n nuwe Appèldatum te kry en het ook die Registrateur besoek, sonder dat die HSAG prokureurs teenwoordig was, waarop ons beswaar gemaak het.

Beide Orthotouch en Mnr Georgiou se advokate was nuut aangestel en kon hulle sonder moeite en enige ontwrigting nuwe advokate aanstel.

Die President van die HHA het gevolglik nuwe aanwysings uitgereik:

  1. Die Appèllante moet hul Hoofde van Betoog beteken en liasseer voor of op 16 Maart 2018;
  2. Die HSAG moet hul Hoofde van Betoog beteken en liasseer voor of op 23 Maart 2018;
  3. Die President van die HHA het nie gehoor gegee aan Mnr Georgiou se versoek om die Appèldatum te skuif nie en word die Appèlle steeds op 8 Mei 2018 aangehoor.

Ons hou u op hoogte.

 

HSAG Bestuurskomitee

 

 

HSAG NEWS FLASH

6 March 2018

The following directives were issued by the President of the Supreme Court of Appeal (SCA) on 2 March 2018 with regards to the simultaneous hearing of the Johannesburg and Pretoria Appeals, as well as the request that we can approach the Court on an expedited basis:

  1. and Mr Georgiou must serve and file their Heads of Argument on or before 12 March 2018;
  2. The HSAG legal team must then serve and file Heads of Argument on or before 19 March 2018;
  3. Both the Johannesburg and Pretoria Appeals will be heard on 8 May 2018.

The HSAG management and legal team are very positive about the latest developments!

Please support us morally and financially to enable us to obtain the best possible legal representation at the SCA.

Visit our website at www.hsaction.co.za for further information.

We will keep you updated.

 

HSAG Management Committee

 

HSAG NUUSFLITS

6 Maart 2018

Die volgende aanwysings is op 2 Maart 2018 deur die President van die Hoogste Hof van Appèl (HHA) uitgereik met betrekking tot die gelyktydige aanhoor van die Johannesburg en Pretoria Appèlle asook die versoek dat ons die Hof op ‘n bespoedigde basis kan nader:

  1. Orthotouch en Mnr Georgiou moet voor of op 12 Maart 2018 hul Hoofde van betoog beteken en liasseer;
  2.  Die HSAG-regsspan moet voor of op 19 Maart 2018 Hoofde van Betoog beteken en liasseer;
  3. Beide die Johannesburg en Pretoria Appèlle sal op 8 Mei 2018 aangehoor word.

Die HSAG-bestuur en regsspan is baie positief oor die nuutste verwikkelinge!

Ons maak asseblief staat op u morele en finansiële ondersteuning ten einde die beste moontlike regsverteenwoordiging in die HHA te kan hê.

Besoek gerus ons webblad by www.hsaction.co.za vir verdere inligting.

Ons hou u op hoogte.

 

 

Notice Archive / Kennisgewings Argief

JUNE / JUNIE 2017

NEWSLETTER TO HSAG MEMBERS JUNE 2017 / NUUSBRIEF AAN HSAG LEDE JUNIE 2017  Click here for the English version  Kliek hier vir die Afrikaanse weergawe  29 June 2017 Theron & Partners,...
Read More

MAY / MEI 2017

HSAG COURT CASES TO DATE  Letter from Mr. Stander, member of the HSAG Steering Committee, ceasing and terminating any further settlement negotiations with Mr. Nic Georgiou.  Click here to view...
Read More

APRIL 2017

– LETTER FROM JOHAN STANDER (HSAG COMMITTEE) TO MR. NIC GEORGIOU REGARDING IMPROVED SETTELEMENT OFFER, SENT ON 5 APRIL 2017.  Click here to read the Letter.  26...
Read More