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NEEM ASSEBLIEF KENNIS dat Voorwaardelike Laat Registrasies vir 2017 sal oorweeg word.

PLEASE TAKE NOTE that Conditional Late Registrations for 2017 will be considered.

WHAT IS THE HS ACTION GROUP?

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…

Registrasies | Registrations

Late Registrations for 2017 are now open until /
Laat Registrasies vir 2017 is tans oop tot en met:

30 Nov 2017 24h00

11Days 23Hours 01Minutes 24Seconds

Voltooide Registrasievorms kan gestuur word na hsagregister@gmail.com of gefaks word na (021) 887 3333 / Completed Registration Forms can be sent to hsagregister@gmail.com or faxed to (021) 887 3333.

“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

KENNISGEWINGS | NOTICES

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

 


NOVEMBER 2017


 

Kindly click here to complete the new HSAG member questionnaire. 

 

– Notice to HSAG Members

The HSAG facilitated two successful trial HSAG information sessions in Port Elizabeth (Eastern Cape) and Mossel Bay (Western Cape) on 2 and 3 November 2017, i.e. to establish the need thereof and viability for its members.

Due to the substantial interest in the meetings and attendances, the HSAG Steering Committee decided to reschedule the upcoming HSAG information sessions in the Northern Provinces to 2018, and possibly also to include other provinces.

The Paarl information session will however proceed, as scheduled.

We shall keep you updated with regards to the progress.

Kind regards,

HSAG Steering Committee

6 November 2017

 

– Kennisgewing aan HSAG Lede

Die HSAG het twee suksesvolle HSAG-inligtingsessies as toetslopies op 2 en 3 November 2017 in Port-Elizabeth (Oos-Kaap) en Mosselbaai (Wes-Kaap) gefasiliteer ten einde vas te stel of daar ’n behoefte bestaan en of dit prakties uitvoerbaar is.

Weens die aansienlike belangstelling in die sessies en die bywoning daarvan, het die HSAG-Bestuurskomitee besluit om die komende HSAG inligtingsessies, soos gereël vir die Noordelike Provinsies, te herskeduleer na 2018 ten einde moontlik ook ander provinsies in te sluit.

Die Paarl-inligtingsessie (Wes-Kaap) sal egter voortgaan, soos geskeduleer.

Ons sal u op hoogte hou met die vordering hierin.

Vriendelike groete,

HSAG-Bestuurskomitee

6 November 2017


OCTOBER / OKTOBER 2017


– HSAG INFORMATION SESSIONS: NOVEMBER 2017

Dear HSAG Member

We hereby confirm the following final dates and venues. Bookings at hsagregister@gmail.com are essential.

Eastern Cape, Port Elizabeth,

2 November 2017, 10h00 –

Newton Park Library, Port Elizabeth

Western Cape, Mossel Bay,

3 November 2017, 11h00 –

Riviera Hotel Hartenbos

North West, Potchefstroom,

13 November 2017, 17h30 –

19 Totius Street, Potchefstroom

Gauteng, Johannesburg,

14 November 2017, 10h00

(not 15 November 2017)

Genesis Family Church, Kempton Park

Gauteng, Pretoria,

15 November 2017, 09h00

(not 14 November 2017) –

NG Kerk Skuilkrans, Pretoria

Free State, Bloemfontein,

16 November 2017, 09h00 –

Orangia Rolbalklubsaal, Bloemfontein

Western Cape, Paarl,

24 November 2017, 10h00 –

NG Toringkerk Kerksaal

Kind regards,

HSAG PR

27 October 2017

 

– Important Notice!

TRANSMISSION OF HSAG STATEMENTS & OCTOBER 2017 NEWSLETTERS

Please keep an eye on your inbox, the HSAG Monthly Statements and Newsletters are being sent today!

HSAG Admin

25 October 2017

 

– Belangrike Kennisgewing!

VERSENDING VAN HSAG STATE &  OKTOBER 2017 NUUSBRIEWE

Hou gerus u Inbus dop, die HSAG maandstate en Nuusbriewe word vandag uitgestuur!

HSAG Admin

25 Oktober 2017

 

– Message to HSAG Members

The Supreme Court of Appeal in Bloemfontein has sent out a strong message on Friday, 13 October 2017, that the the Rule of Law is still applicable in South Africa when it ordered that Mr Jacob Zuma, President of South Africa, be prosecuted.

The HSAG is confident that the legal route against Mr Nic Georgiou, his family and their empire is currently the only route to follow to recover the losses that HS Investors have suffered.

Join and support the HSAG now!

HSAG Steering Committee

14 October 2017

 

– Boodskap aan HSAG lede

Die Hoogste Hof van Appèl in Bloemfontein het ‘n sterk boodskap op Vrydag, 13 Oktober 2017, uitgestuur dat die Oppergesag van die Reg steeds toepassing vind in Suid-Afrika toe dit beveel het dat Mnr Jacob Zuma, die President van Suid-Afrika, vervolg word.

Die HSAG is vol vertroue dat die regsroete teen Mnr Nic Georgiou, sy familie en hul sakeryk tans die enigste pad is om te volg om die verliese wat HSAG lede gely het te verhaal.

Sluit nou aan en ondersteun die HSAG!

HSAG Bestuurskomitee

14 Oktober 2017

 

– WHAT HAPPENS TO THE FUNDS THAT SUPPORTERS OF THE HSAG PAY?

All funds regarding the HSAG are paid into a separate trust account for inter alia the legal costs, expenses and the administration of the HSAG, consisting of approximately 7 000 individuals.

This account is duly audited by independent auditors and held by the HSAG Attorneys for that specific purpose.

The HSAG Attorneys only charge for fees and expenses as and when they are incurred. All fees charged are expended by an independent bookkeeper, verified and checked by independent cost consultants and auditors.

HSAG Steering Committee

13 October 2017

 

– WAT GEBEUR MET DIE FONDSE WAT ONDERSTEUNERS VAN DIE HSAG BETAAL?

Alle fondse met betrekking tot die HSAG word in ’n aparte trustrekening betaal vir onder andere regskoste, uitgawes en die administrasie van die HSAG welke groep uit ongeveer 7 000 individue bestaan.

Hierdie rekening wat spesifiek vir dié doel deur die HSAG-prokureurs geopen is, word behoorlik geoudit deur onafhanklike ouditeure. Die HSAG-prokureurs hef slegs fooie en uitgawes soos en wanneer dit nodig is.

Alle fooie gehef word deur ’n onafhanklike boekhouer bestee en goedgekeur en nagegaan deur onafhanklike koste konsultante en ouditeure.

HSAG Bestuurskomitee

13 Oktober 2017 

 

-HSAG NUUSFLITS

6 OKTOBER 2017

Die HSAG het op 2 Oktober 2017 ’n skrywe aan die Registrateur van die Hoogste Hof van Appèl (HHA) geaddresseer, met die versoek dat die Johannesburg en Pretoria appèl aangeleenthede van die HSAG gelyktydig en op ‘n bespoedigde basis aangehoor word. Ons hou u op hoogte.

Kliek hier om die skrywe, soos gerig aan die die Hoogste Hof van Appèl, te lees.

HSAG Bestuurskomitee

 

-HSAG NEWSFLASH

6 October 2017

On 2 October 2017 the HSAG sent a letter to the Registrar of the Supreme Court of Appeal (SCA) requesting that both the Pretoria and the Johannesburg appeal matters of the HSAG be heard simultaneously and on an expedited basis. We will keep you updated.

Click here to read the letter as addressed to the Supreme Court of Appeal.

HSAG Steering Committee

 

-HSAG NUUSFLITS

5 Oktober 2017

Beste HSAG-lede

Sodra ons voorsien word van ‘n datum vir die aanhoor van die Appèl in die Hoogste Hof van Appèl sal ons u in kennis stel.

Georgiou/Orthotouch se Kennisgewing van Appèl is aan die einde van September 2017 ontvang.

Die HSAG het op 2 Oktober 2017 ’n skrywe aan die Registrateur van die Hoogste Hof van Appèl geaddresseer ten einde die sake te bespoedig.

HS Admin

 

-HSAG NEWSFLASH

5 October 2017

Dear HSAG Members

As soon as a date for the Appeal to be heard in the Supreme Court of Appeal is obtained you will be notified thereof.

Georgiou/Orthotouch’s Notice of Appeal was received by the end of September 2017.

The HSAG addressed a letter to the Registrar of the Supreme Court of Appeal on 2 October 2017 to expedite the cases.

HSAG Admin


SEPTEMBER / SEPTEMBER 2017


-HSAG INLIGTINGSBROKKIE

29 September 2017

WAT SAL DIE POSISIE WEES MET BETREKKING TOT RENTEBETALINGS DEUR ORTHOTOUCH, SOU DIE REËLINGSKEMA TERSYDESGESTEL WORD DEUR DIE HOOGGEREGSHOF?

Wanneer die Reëlingskema tersydegestel word sal die status quo ante herleef, dit wil sê die Highveld Sindikasie Maatskappye sal terugkeer na ‘n staat van Besigheidsredding.

Die Besigheidsreddings-proses is nooit opgehef nie, maar is bloot ondervang deur die Reëlingskema.

Dus, met die tersydestelling van die Reëlingskema sal die Besigheidsreddings-praktisyn (weer) ‘n plig hê om nakoming van die Besigheidsreddingsplan af te dwing.

Ons is in daardie proses steeds die beleggers se regsverteenwoordigers en sal ons, uit die aard van die saak, seker maak dat ons kliënte se belange beskerm word.

Dis nie ‘n vereiste vir afdwingbaarheid dat die Besigheidsreddingsplan ‘n hofbevel moet wees nie – dit word deur die reg afgedwing en deur wetgewing beheer.

IN ‘N NEUTEDOP:

Indien die Reëlingskema nie tersydegestel word nie sal Orthotouch daaronder verplig wees om aan te hou rente betaal in terme van die bestaande Hofbevel wat die Reëlingskema sanksioneer.

In die geval wat die Reëlingskema wel tersydegestel word, sal rentebetalings gereël word deur die Besigheidsreddingsplan.

HSAG Bestuurskomitee

 

-HSAG INLIGTINGSBROKKIE

29 September 2017

AS ORTHOTOUCH GELIKWIDEER MOET WORD, WAT SAL VAN DIE RENTEBETALINGS WORD?

Die likwidateur sal verplig wees om, so ver moontlik, die verpliginge van Orthotouch na te kom.

Hiervoor sal hy alle bates van Orthotouch, insluitend waarborge en “sekuriteite” wat deur derde partye gegee is ter nakoming van Orthotouch se verpligtinge, te gelde maak en/of oproep ten einde betalings van rente (en kapitaal) aan beleggers te maak.

HSAG Bestuurskomitee

 

-HSAG INLIGTINGSBROKKIE

29 September 2017

INDIEN ORTHOTOUCH GELIKWIDEER SOU WORD, KAN DIE LIKWIDATEURS MOONTLIK DIE MAANDELIKSE PAAIEMENTE, SOOS AAN BELEGGERS BETAAL, TERUGEIS?

’n Skriftelike opinie ten opsigte van die regsvraag is vanaf ’n Advokaat versoek.

Die opinie stel dit duidelik dat die likwidateurs nie in staat sal wees om die maandelikse rentebetalings/inkomste soos aan HSAG-beleggers betaal terug te eis nie.

Hier volg ’n opsomming van die Advokaat se redes:

  • Die maandelikse betalings word    gemaak ingevolge ’n verpligting wat Orthotouch opgedoen het   kragtens die Reëlingskema, welke verpligting opgedoen is in ruil vir die verkryging van verskeie vaste eiendomme van die Hoëveld-maatskappye. Betalings deur Orthotouch is derhalwe nie “sonder teenwaarde” nie, soos bedoel in artikel 26 van die Insolvensiewet van 1936 (“die Wet”), en gelde kan gevolglik nie teruggeëis word ingevolge hierdie artikel nie;
  • Wat betref artikels 29 en 30 van die Wet, sal een krediteur (soos ’n belegger) nooit bo ’n ander bevoordeel kan word solank as wat betalings deur Orthotouch gemaak word in ooreenstemming met die formule soos vervat in die reëlingskema dokument nie;
  • Betalings wat deur Orthotouch gemaak word is gemaak  in die “gewone loop van besigheid”. Dit is ’n verdere rede waarom die Likwidateurs nie die gelde kan terugeis nie;
  • Orthotouch se krediteure is Hoëveld-maatskappye. Dit is die Hoëveld-maatskappye wie, by ontvangs van die maandelikse betalings van Orthotouch, op hulle beurt die beleggers betaal. Dit beteken dat die Likwidateurs van Orthotouch slegs ’n potensiële eis teen die Hoëveld maatskappye het – en nie teen die beleggers nie;
  • Sou die Hoëveld maatskappye ooit gelikwideer word, sal die likwidateurs nie betalings kan terugeis nie vir soortgelyke redes as wat hierbo uiteengesit word.
  • Die HSAG is glad nie ten gunste van likwidasies nie en het nog nooit gedreig of gepoog om Orthotouch of selfs die HS-maatskappye te likwideer nie.
  • Indien u al die korrespondensie van die betrokke partye nagaan sal u merk dat slegs mnr Georgiou en sy ondersteuners die dreigemente ten aansien van likwidasie gemaak het. Likwidasie sal die laaste uitweg vir die HSAG wees.

HSAG Bestuurskomitee

 

-HSAG INFO SNIPPET

29 September 2017

WHAT WILL THE POSITION BE REGARDING PAYMENT OF INTEREST, SHOULD THE ORTHOTOUCH SCHEME OF ARRANGEMENT BE SET ASIDE BY THE COURT?

When the Scheme of Arrangement is set aside, the status quo ante will relive, meaning that the Highveld Syndication companies will return to a state of Business Rescue.

The Business Rescue process has never been uplifted – it has only been replaced by the Scheme of Arrangement.

When the Scheme of Arrangement is set aside, the Business Rescue practitioner will have (once again) a duty to enforce compliance with the business rescue plan.

In that process, we are still the legal representatives of the investors and we will make sure that our clients’ rights are protected.

It is not a prerequisite for enforceability for the Business Rescue plan to be an order of court – it is enforced and controlled by law.

IN A NUTSHELL:

Should the Scheme of Arrangement not be set aside, Orthotouch will be forced to pay interest according to the Court Order sanctioning the Scheme of Arrangement.

If the Scheme of Arrangement does get set aside, the payment of interest will be ruled by the Business Rescue Plan.

HSAG Steering Committee

 

-HSAG INFO SNIPPET 

29 September 2017

WHAT WILL BECOME OF THE PAYMENT OF INTEREST, SHOULD ORTHOTOUCH BE LIQUIDATED?

The liquidator will be obliged, as far as possible, to fulfil the obligations of Orthotouch.

In order to do this, all the assets of Orthotouch, including the guarantees and “securities” given by third parties in compliance with the obligations of Orthotouch, will be sold and called up in order to pay the investors’ interest (and capital).

HSAG Steering Committee

 

-HSAG INFO SNIPPET

29 September 2017

SHOULD ORTHOTOUCH BE LIQUIDATED, CAN THE LIQUIDATORS RECLAIM THE MONTHLY PAYMENTS MADE TO INVESTOR?

A written opinion on this legal question was sought from Counsel.

Counsel’s opinion is that the liquidators would not be able to claim back any of the monthly interest/income payments made to HSAG investors.

Here is a summary of Counsel’s reasons:

  • Monthly payments are made to investors under an obligation by Orthotouch, in the Scheme of Arrangement document, in return for acquiring various fixed properties from the Highveld companies. The payments made by Orthotouch were therefore not made “without value” as meant in section 26 of the Insolvency Act of 1936 (“the Act”), and monies cannot therefore be reclaimed;
  • In so far as sections 29 and 30 of the Act are concerned, one creditor (such as an investor) can never be preferred above another as long as payments are made in accordance with the formula set out in the SoA document;
  • Payments made by Orthotouch are made in its “ordinary course of business”.  This is a further reason why the liquidators will not be able to reclaim;
  • The creditors of Orthotouch are the Highveld companies.  It is the Highveld companies, who upon receipt of payments from Orthotouch, will repay the investors. This means that if Orthotouch were to go into liquidation, the liquidators only have potential claims against the Highveld companies – not against the investors;
  • Should the Highveld companies ever be liquidated, the liquidators will not be able to reclaim payments from investors for similar reasons to those mentioned above.The HSAG is not per se in favour of liquidations and the HSAG has never threatened or attempted to liquidate Orthotouch or the Highveld Companies.If you were to peruse all the previous litigation correspondence you would see that it was only Mr Georgiou and his supporters who made the threats of liquidation.  Liquidation would be the last resort of the HSAG.

HSAG Steering Committee

 

-HSAG INFO SNIPPET

28 September 2017

What is a class action lawsuit?

A class action is a procedural device that permits one or more plaintiffs to file and prosecute a lawsuit on behalf of a larger group with a common interest in a matter.

Put simply, the device allows courts to manage lawsuits that would otherwise be unmanageable if each class member (individuals who have suffered the same wrong at the hands of the defendant) were required to be joined in the lawsuit as a named plaintiff.

While the subject matter of class action lawsuits can vary widely, two factors are almost always present for every class action:

  • the issues in dispute are common to all members of the class;

         and

  • the persons affected are so numerous as to make it impracticable to bring them all before the court.

Class actions are difficult and expensive to file and follow through, but the results can be of great help to the people who could not afford to carry a suit alone.

HSAG Admin

 

– NEWSLETTER TO HSAG MEMBERS – SEPTEMBER 2017 /

– NUUSBRIEF AAN HSAG LEDE – SEPTEMBER 2017 

Click here for the English version

Kliek hier vir die Afrikaanse weergawe

26 September 2017

Theron & Partners, Stellenbosch

 

-Important Notice!

HSAG Members!

25 September 2017

USE OF CORRECT EMAIL ADDRESSES

It is of utmost importance that investors use the correct email addresses (as indicated on the website and emails) for all communication as well as their reference numbers (i.e. identity number etc.).

Should an investor send an email to the wrong email address such correspondence might not be attended to ending up to be time consuming and costly.

Important email addresses that are being used by the HSAG are as follows:

  • hsagwhistle@gmail.com for all confidential information that you would like to send to us anonymously;

HSAG Admin

 

Belangrike Kennisgewing!

HSAG Lede!

26 September 2017

GEBRUIK VAN KORREKTE E-POS ADRESSE EN VERWYSINGS

Dit is van uiterste belang dat beleggers die korrekte e-pos adresse (soos vervat op ons webtuiste en e-posse) asook hul verwysingsnommers (bv. identiteitsnommer ens.) vir alle kommunikasie gebruik.

Indien ’n belegger ’n e-pos na die verkeerde adres sou stuur kan dit daartoe lei dat daardie e-pos nie die nodige aandag geniet nie wat aanleiding sal gee tot vermorsing van tyd en koste.

Bestaande e-pos adresse is as volg:

HSAG Admin

 

-WENDING IN PICVEST-SAGE KAN ANDER GROEPSGEDINGE RAAK

6 SEPTEMBER 2017

Die nuutste wending in die Pickvest-sage kan verreikende gevolge vir die verloop van groepsgedinge in Suid-Afrika hê. Maar eers kry die Bloemfonteinse eiendomsmagnaat Nic Georgiou en die direkteure van die Pickvest-reddingsmaatskappy Orthotouch weer ’n kans om appèl aan te teken in die soveelste hofgeding wat beleggers in die mislukte Higveld Syndication (HS)-maatskappye ingestel het om hul geld terug te kry.

Georgiou se eiendomsindikasiemaatskappye het R4,6 miljard van meer as 18 000 beleggers, meestal pensioentrekkers, ingesamel voordat dit in die moeilikheid beland het en uiteindelik in sakeredding geplaas is.

Die beleggersgroep HSAG (Highveld Action Syndication Group) het toe in Oktober 2014 met ’n groepsgeding teen die sakereddingsmaatskappy Orthotouch, waarvan Georgiou die hoofdirekteur is, en 26 ander respondente begin.

Klik hier om die berig te lees / Click here to read the article:

AfrikaansSentraal-B1-Beeld-B1001-18-1

 

-IMPORTANT NOTICE TO HSAG MEMBERS

6 SEPTEMBER 2017

Mr Helgard Hancke and his entity, Aprobase CC (which entity is in the process of deregistration), withdrew their Application to Intervene and support for the Leave to Appeal by Mr Nic Georgiou and others, merely a day before the matter was set to be heard.

Mr Helgard Hancke and Aprobase CC tendered to pay the party-party costs of the HSAG.

Due to the fact that Mr Nic Georgiou / Orthotouch would petition the Supreme Court of Appeal (SCA) against any favourable decission for the HSAG, the HSAG decided on 5 September 2017 that the Johannesburg matter, before the Honourable Judge Ismail, also be referred to the Supreme Court of Appeal to be heard on a speedy basis. Judge Ismail was accordingly requested, with the consent of the opposing parties, to make an Order to that effect.

The parties’ legal representatives also committed to a request to the Registrar of the SCA that both the Pretoria and Johannesburg appeals be heard simultaneously.

We thank every HSAG member for their continuous support and shall keep you posted on future developments.

HSAG Steering Committee

6 September 2017

 

-GEORGIOU GRANTED LEAVE TO APPEAL

SCA judgment will have far-reaching consequences for future class action suits.

Property magnate Nic Georgiou was granted leave to appeal against a judgment, which saw Georgiou settle the claims of several applicants in the Highveld Syndication (HS) class action suit. These applicants subsequently withdrew their application for certification of the class action, and if allowed by the courts, will effectively bring an end to the class action process.

Judge John Murphy of the High Court in Pretoria ruled last week that there are compelling reasons to grant leave to appeal. “Firstly, the matter gives rise to important questions of law which are res nova; and secondly the judgment will have far-reaching consequences impacting on all future class actions.”

Res nova refers to a case or legal issue that has never before been decided by a court.

Click here to read the full article by Moneyweb.

HSAG Management Committee

6 September 2017


AUGUST / AUGUSTUS 2017


-IMPORTANT NOTICE TO HSAG INVESTORS

30 August 2017

The High Court in Pretoria has referred an important legal question (whether applicants in the certification of the HSAG Class Action may withdraw this application), to the Supreme Court of Appeal (SCA), by granting leave to appeal to the Respondents. An important reason therefore is that there are compelling reasons, amongst others, to settle new law in South Africa and that, should similar future withdrawals occur, a final effect of withdrawal may have far-reaching consequences, impacting on all future class actions.

Judge Murphy acknowledged the importance of the HSAG matter and the possible delays that it may cause, but stated that the Registrar of the SCA may be approached for a speedy appeal. The normal appeal process may delay the Class Action unnecessarily.

In light of the expedited process available to it, the HSAG welcomes the referral directly to the SCA as it would give certainty to the future process of also the HSAG Class Action (e.g. if Georgiou/Orthotouch attempt to settle new Applicants). It also prevents the Respondents to stall proceedings further by petitioning the SCA, in the event that leave to appeal was refused by the Court.

The Judge emphasized the seriousness of the matter, and the HSAG is confident that the SCA will protect the interests of the thousands of HS investors in the failed HS Companies.

The Judge did not amend his previous order and reconfirmed  he held earlier that the withdrawal and substitution were irregular and improper in the circumstances.

Although Mr Helgard Hancke requested leave from the court to intervene in the proceedings, the Judge did not entertain him in his judgment, with the inescapable effect that no leave to intervene was granted.

Click here to read the full judgement

HSAG Steering Committee

30 August 2017

 

-Notice to HSAG Members

29 August 2017

The Registrar of the office of the Honourable Judge Murphy has advised the attorneys of the HSAG that Judge Murphy will give judgement on 30 August 2017 in the following two matters:

1. Mr Helgard Hancke’s application to intervene in support of Mr Nic Georgiou and others’ leave to appeal against the order which Judge Murphy granted in favour of the HSAG; and

2. Mr Nic Georgiou’s application for leave to appeal against the two orders in favour of the HSAG, namely that the former HSAG Applicants’ withdrawal of the Application to Certify the Class Action was unlawful and the Reinstatement of the New HSAG Applicants was valid and binding.

HSAG Steering Committee

29 August 2017

 

-Notice to HSAG Members

29 August 2017

The meeting of the HSAG’s legal team with the Case Manager in the Johannesburg High Court, Judge Sharise Weiner, went well.

1. The HSAG requested the Case Manager for an order to compel the Respondents to provide all the contact details of the HS Investors to the HSAG.

Judge Weiner ordered the Respondents to comply with Judge Spilg’s order within 10 court days by supplying to the HSAG Attorneys all contact details, including cellphone numbers and email addresses, in both electronic and hard copy format.

2. Judge Weiner was also requested to compel the Respondents to file their opposing papers in the setting aside of the S155 Scheme of Arrangement (SoA) to expedite the proceedings.

Judge Weiner advised, once we have received the Order of Judge Ismail, the HSAG may approach the Case Manager again regarding the further conduct of the case.

3. Judge Weiner was also requested to consider allowing the Supplementary Founding Affidavit by the HSAG, setting out further grounds why the Scheme of Arrangement should be set aside, to which Orthotouch objected.

Judge Weiner ordered that the Supplementary Affidavit be accepted.

HSAG Steering Committee

29 August 2017

 

-”IT’S ALL A SMEAR CAMPAIGN”

Nic Georgiou is accused of trying to scuttle a potential class action suit against him.

The gloves have come off in the application for leave to appeal by property magnate Nic Georgiou against a judgment that he illegally tried to scuttle a potential class action suit against him.

In a strongly worded affidavit Jacques Theron, the attorney representing the Highveld Syndication Action Group (HSAG), responded to allegations made by former HSAG member Helgard Hancke in an application to become an intervening party in Georgiou’s application for leave to appeal against a judgment in May.

Click here to read the full article by Moneyweb.

HSAG Management Committee

28 August 2017

 

– NEWSLETTER TO HSAG MEMBERS – AUGUST 2017 /

– NUUSBRIEF AAN HSAG LEDE – AUGUSTUS 2017 

Click here for the English version 

Kliek hier vir die Afrikaanse weergawe 

25 August 2017

Theron & Partners, Stellenbosch

 

– Important News Flash!

Dear HSAG Member

MR HELGARD HANCKES’S APPLICATION FOR LEAVE TO INTERVENE

Mr Hancke served and filed two Applications (in both the High Courts of Pretoria and Johannesburg) for leave to intervene in the current Applications for Leave to Appeal.

Hancke’s Application in the High Court of Pretoria was served the day immediately preceding the hearing on 2 August 2017. Given the irrelevancy of Hancke’s averments, the HSAG decided not to ask for a postponement to file opposing papers (thereby effectively causing a further delay), but instead argued the Application for Leave to Appeal in the Pretoria High Court. (Murphy J reserved judgment in respect of the relief to appeal the Application, as well as Hancke’s Application to Intervene).

Hancke also served a similar Application for leave to Intervene in the High Court of Johannesburg, after which the HSAG served and filed an Opposing Affidavit in opposition to the Application for Leave to Intervene.

Click here to read the Opposing Affidavit of Mr JB Theron, in opposition to Mr Helgard Hancke’s Application for Leave to Intervene in the Johannesburg High Court;

Click here to read the Attachments thereto;

Click here to read Part 1 of Mr Helgard Hancke’s Application for Leave to Intervene in the Johannesburg High Court;

Click here to read Part 2 of Mr Helgard Hancke’s Application for Leave to Intervene in the Johannesburg High Court;

Click here to read Part 1 of Mr Helgard Hancke’s Application for Leave to Intervene in the Pretoria High Court;

Click here to read Part 2 of Mr Helgard Hancke’s Application for Leave to Intervene in the Pretoria High Court.

Theron & Partners, Stellenbosch

25 August 2017

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