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LATEST MEDIA REPORTS | NUUTSTE MEDIABERIGTE


READ / LEES
Late Registations for 2019 will be considered on an ad hoc basis.

Laat registrasies vir 2019 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)

Date of Hearing | Verhoor Datum

Time remaining until the Certification Application for HS21 & 22 will be heard in the Pretoria High Court / Oorblywende tyd tot aanhoor van die Aansoek vir Sertifisering van HS 21 & 22 in die Hooggeregshof, Pretoria.

20Days 05Hours 28Minutes 41Seconds

Registration Fees | Registrasie Fooie

Time remaining for HSAG members to bring their registration fees and contributions up to date (for certification and possible settlement purposes). / Oorblywende tyd vir HSAG-lede om hul registrasie fooie en bydraes op datum te bring (vir sertifisering en moontlike skikkings doeleindes).

101Days 05Hours 28Minutes 41Seconds

“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) 

 


 September 2019


HSAG Terme en Voorwaardes nou beskikbaar by skakel hieronder / HSAG Terms and Conditions now available at the link below

Click here to view the HSAG Terms and Conditions / Kliek hier om die HSAG se Terme en Voorwaardes te besigtig. 

 

 


june/ junie 2019


HSAG NEWSFLASH

26 June 2019

News release: Court date for Certification of HS 21 & 22

Dear HSAG Member

The HSAG has received exciting news!

After almost 4 years of hard work and numerous onslaughts from the opposition, the Application for Certification of HS 21 & 22 will be heared on 11 to 15 November 2019 in the Pretoria High Court.

If the HSAG is successful, it will mean that a class is certified for HS 21 & 22 investors and the HSAG will be able to continue to enforce investors’ contractual claims against Georgiou and Others.

We refer you to paragraphs 1 and 4 of the HSAG Newsletter for June 2019 for more information.

Now is the time to throw all your weight behind the HSAG and its legal team with your support and to ensure that your membership contributions are settled as soon as possible.

Kind Regards,
HSAG MANAGEMENT


HSAG NUUSFLITS

26 Junie 2019

Nuusberig: Hofdatum vir Sertifisering van HS21-22

Geagte HSAG-lede,

Die HSAG het goeie nuus ontvang!

Na bykans 4 jaar se harde werk en na verskeie aanslae van die teenkant, word die Aansoek vir Sertifisering van HS 21 & 22 vanaf 11 tot 15 November 2019 aangehoor in die Hooggeregshof van Pretoria.

Indien die HSAG suksesvol sou wees, sal dit beteken dat daar ‘n klas gesertifiseer word vir HS21&22 beleggers en sal die HSAG kan voortgaan om die beleggers se kontraktuele eise teen Georgiou en Andere af te dwing.

Ons verwys u na paragrawe 1 en 4 van die HSAG Nuusbrief vir Junie 2019 vir meer inligting.

Dit is gevolglik nóú die tyd om al u gewig agter die HSAG en sy regspan in te gooi en te verseker dat u bydraes so gou as moontlik op datum gebring word.

Vriendelike Groete
HSAG BESTUUR


april / april 2019


HSAG NEWSFLASH

29 April 2019

News release: Hearing of acceleration for HS21-22 certification applications

Dear HSAG members

It went very well in the Court this morning!

Georgiou’s legal team agreed to the first part of the HSAG Application, just before their argument was about to begin.

This means that the road is now paved for the accelerated Certification Application of the Buy-Back agreements in HS21 and 22.

Georgiou and his entities must submit their Opposing Statements (in respect of the Certification) on or before 30 June 2019, after which the HSAG can reply.

The HSAG must submit a Responding Statement before or on 31 July 2019.

Before the above documents are to be filed, Judge Tolmay will approach the High Court Judge for a accelerated date in order to hear ‘Part B’ of our Application.

The Judge openly emphasized in court, that delayed cases deny applicants’ rights. She also once again noted the HSAG members’ advanced age.

If we succeeded in doing so, the HSAG’s accelerated case will be certified.

At this stage the accelerated certification application, will be heard in the fourth quarter of the Court Term, if the Judge President provides a date.

HSAG members will be kept abreast of developments.

HSAG MANAGEMENT


HSAG NUUSFLITS

29 April 2019

Nuusberig: Aanhoor van versnelling van HS21-22 sertifikasie aansoeke

Geagte HSAG-lede,

Dit het vanoggend baie goed gegaan in die Hof!

Georgiou se regspan het ingestem tot die eerste gedeelte van die HSAG se aansoek, pas voordat hul argument sou begin.

Dit beteken die weg is gebaan vir die Versnelde Sertifikasie aansoek van die terugkoop ooreenkomste in HS21 en 22.

Georgiou en sy entiteite moet voor of op 30 Junie 2019 hul Opponerende Verklaring (ten aansien van die Sertifisering) indien waarna die HSAG daarop kan antwoord.

Die HSAG moet voor of op 31 Julie 2019 ‘n Antwoordende Verklaring indien.

Nog voordat bogenoemde stukke geliasseer gaan word, sal Regter Tolmay die Hoofregter nader vir spoedige datum ten einde ‘Gedeelte B’ van ons Aansoek te laat aanhoor.

Die Regter het in die ope hof benádruk dat sake wat vertraag word applikante se regte ontken. Sy het ook weer eens kennis geneem van die HSAG lede se gevorderde ouderdom.

Indien ons daarin suksesvol sou wees, sal die HSAG se versnelde saak gesertifiseer wees.

Die versnelde sertifikasie aansoek word op hierdie stadium, indien die Regter-President ‘n datum verskaf, in die vierde hoftermyn aangehoor.

HSAG lede sal op hoogte gehou word van die verwikkelinge.

HSAG BESTUUR


march / maart 2019


14 March 2019
News release: Hearing of acceleration for HS21-22 certification applications

Dear HSAG members

On the recommendation of the case manager in the Pretoria High Court, the HSAG investigated the possibility of transferring the HS21-22 Buyback clause part of the certification application to a specialised commercial court.

At a meeting with the case manager, Judge Tolmay, on November 8, 2018, the Judge indicated that the Court Roll in Pretoria was very full and that the HSAG should consider transferring the HS21-22 case to the Johannesburg Commercial Court.

Both the HSAG and counterparts (Mr Georgiou and its entities) legal teams agreed that this could take place and that the case could be heard within the first two weeks of March 2019. The case was certified in Johannesburg but had to be formally transferred from Pretoria to Johannesburg.

A formal application was brought to this effect in Pretoria but, although Georgiou did not oppose it, his lawyer made a pledge in February 2019 in which he now declared a dispute and now argued that the whole Class action case  transferred to Johannesburg. He also requested that even the Respondents (who do not have an interest in the HS21-22 case) should also get to know the case!

Judge Tolmay said on March 7, 2019, that the court order should be served on the other Respondents and, unless any reviewer objects, the transfer is approved and a final court order will be made on March 14, 2019.

Georgiou’s actions are transparent and, according to the HSAG legal team, was a clear strategy to delay the case. This could open the door to parties who were not even interested in the HS21-22 section for whatever reason, to delay hearing the case by opposing it.

True to history, the HSAG received an opposing statement from Georgiou’s Orthotouch at the eleventh hour, in which they now oppose the Transfer Application. It is common knowledge that Orthotouch is in financial hardship and does not have the money to pay to investors on its own.

The HSAG Management, in the best interest of the HSAG, has therefore decided that the matter cannot be delayed further and the transfer is not continued. An important reason is simply that a case manager is already in the Pretoria Court, the court cases are finalized and the first part of the case is ready for trial.

The HSAG legal team was instructed to immediately cease the transfer application and to request a trial date in Pretoria.

Judge Tolmay granted the withdrawal on March 14, 2019 and gave an order that a court date be requested from the Deputy Judge President in Pretoria, which request will be made immediately.

One of the reasons given by Orthotouch is that the HSAG should now formally notify all 18 300 HS investors of the proposed transfer. It was not acceptable to the HSAG management at all and clearly a plot by Georgiou and his supporters to try to postpone the inevitable appearance in the Court.

The fact that Orthotouch had opposed this application (even if there was no merit) would have the consequence that this Transfer Application had to be postponed again to enable the HSAG to reply to Orthotouch’s statement again.

In light of the above and the fact that it might take months to successfully complete this Transfer Application to the Johannesburg Commercial Court, motivation for the HSAG management was simply decided to withdraw the Transfer Application.

Hearing the Application for Certification of HS 21-22 (as well as all the other HS syndications) will therefore continue in the High Court Pretoria.

As all of the formal Court documents regarding the Fast Track Application have already been exchanged between the various legal representatives, the HSAG will now continue to request a court date in the High Court, Pretoria.

The HSAG Management and Legal Team are still positive about the case and want to give their assurance once again that they are doing everything in their power to ensure that the HSAG members will bring their affairs before a court of law to ensure justice is served.

HSAG MANAGEMENT


HSAG NUUSFLITS

14 Maart 2019

Nuusberig: Aanhoor van versnelling van HS21-22 sertifikasie aansoeke

Geagte HSAG-lede,

Op aanbeveling van die saakbestuurder in die Pretoria Hooggeregshof het die HSAG die moontlikheid ondersoek om die HS21-22 terugkoopklousule gedeelte van die sertifikasie aansoek oor te plaas na ‘n  gespesialiseerde kommersiële hof.

Tydens ‘n vergadering voor die saakbestuurder, Regter Tolmay, op 8 November 2018, het die Regter aangedui dat die Hofrol in Pretoria baie vol is en dat die HSAG moet oorweeg dat die HS21-22 saak oorgeplaas word na die Kommersiële Hooggeregshof in Johannesburg.

Beide die HSAG en teenkant (Mnr Georgiou en sy entiteite) se regspanne het ingestem dat dit kan plaasvind en was ooreengekom dat die saak binne die eerste twee weke van Maart 2019 aangehoor kan word. Die saak was in Johannesburg verhoorgereed gesertifiseer maar moes dit eers formeel oorgeplaas word vanaf Pretoria na Johannesburg.

‘n Formele aansoek was tot dié effek in Pretoria gebring maar, alhoewel Georgiou dit nie geopponeer het nie, het sy prokureur in Februarie 2019 ‘n eedsverklaring afgelê waarin hy nou ‘n dispuut verklaar het en nou geargumenteer het dat die hele Klas-aksie saak oorgeplaas word na Johannesburg. Hy het ook versoek dat selfs die Respondente (wat nie ‘n belang het by die HS21-22 saak nie), ook kennis moet kry van die saak!

Regter Tolmay het op 7 Maart 2019 bepaal dat die Hofbevel op die ander Respondente beteken moet word en, tensy enige Respondent beswaar aanteken, die oorplasing goedgekeur word en op 14 Maart 2019 ‘n finale Hofbevel gemaak sal word.

Georgiou se optrede is deursigtig en was volgens die HSAG regspan ‘n duidelike strategie om die saak te vertraag. Dit kon die deur oopmaak vir partye wat selfs geen belang het in die HS21-22 gedeelte nie, om vir welke rede ookal die saak se aanhoor te vertraag deur dit te opponeer.

Getrou aan die geskiedenis het die HSAG ter elfde uur ‘n Opponerende Verklaring vanaf Georgiou se Orthotouch ontvang waarin hulle nou die Aansoek vir oorplasing opponeer. Dit is algemene kennis dat Orthotouch in ‘n finansiële verknorsing is en volgens eie mededeling nie geld het om aan beleggers te betaal nie).

Die HSAG Bestuur het gevolglik in beste belang van die HSAG ‘n besluit geneem dat die saak nie verder vertraag kan word nie en daar nie voortgegaan word met die oorplasing nie. ‘n Belangrike rede is eenvoudig dat daar reeds ‘n saakbestuurder in die Pretoria Hof is, die hofstukke gefinaliseer is en die eerste gedeelte van die saak gereed is vir verhoor.

Opdrag was aan die HSAG regspan gegee om onmiddellik die aansoek vir oorplasing te staak en sondermeer ‘n verhoordatum in Pretoria aan te vra.

Regter Tolmay het die terugtrekking op 14 Maart 2019 toegestaan en ‘n aanwysing gegee dat ‘n hofdatum by die Adjunk Regter-President in Pretoria aangevra word, welke versoek dadelik gedoen sal word.

Een van die redes wat deur Orthotouch aangevoer word, is dat die HSAG nou aan al 18 300 HS-beleggers formeel kennis moet gee van die voorgestelde oorplasing. Dit was glad nie vir die HSAG bestuur aanvaarbaar nie en duidelik ‘n plot van Georgiou en sy meelopers om die onvermydelike verskyning in die Hof te probeer uitstel.

Die feit dat Orthotouch hierdie Aansoek geopponeer het (al sou daar geen meriete in wees nie), sou die gevolg hê dat hierdie Aansoek vir oorplasing weer uitgestel sou moes word ten einde die HSAG in staat te stel om weer op Orthotouch se verklaring te antwoord.

In die lig van bogenoemde en die feit dat dit dalk maande kan neem om bloot hierdie Aansoek vir die oorplasing na die Johannesburg Kommersiële Hof suksesvol af te handel, was motivering vir die HSAG-bestuur besluit eenvoudig om die Aansoek vir Oorplasing terug te trek.

Die aanhoor van die Aansoek vir Sertifisering van HS 21-22 (asook al die ander HS-sindikasies) sal dus voortgaan in die Hooggeregshof Pretoria.

Aangesien al die formele Hofstukke ten aansien van die “Fast Track” – Aansoek reeds tussen die verskeie regsverteenwoordigers uitgeruil is, sal die HSAG nou onmiddelik voortgaan om ‘n Hofdatum in die Hooggeregshof, Pretoria aan te vra.

Die HSAG Bestuur en regspan is steeds positief oor die saak en wil weer hul onderneming gee dat hulle alles in hul vermoë sal doen om seker te maak dat die HSAG lede se sake voor ‘n geregshof sal dien ten einde te verseker dat reg en geregtigheid geskied.

HSAG BESTUUR


february / februarie 2019


HSAG NEWS FLASH

1 February 2019

 Dear HSAG members

On 28 January 2019, there was a meeting with Judge Siwendu regarding the possibility that the “fast track” application for HS 21 & 22 could be transferred to the Commercial Court in Johannesburg.

The Commercial Court was established 15 years ago but was never in operation. The offices of the Judge President of the Gauteng Division of the Supreme Court in South Africa, however, issued a directive on 3 October 2018 which led to the immediate operation of the Commercial Court.

This “new” court will only hear commercial matters.

We confirm that the meeting between the respective legal representatives and Judge Siwendu went very well.

Judge Siwendu, just like the Supreme Court case manager in Pretoria, took note of the urgency of the matter and promptly certified the matter as a trial.

The legal representatives of both parties agreed that the Application should be transferred from the High Court in Pretoria to the Commercial Court in Johannesburg.

The HSAG is currently in the process of transferring the Application.

Judge Siwendu indicated that the “fast track” application would most likely be heard within the first two weeks of March 2019.

Both parties’ legal representatives indicated that they were available for the proposed tome.

We will report back to you as soon as we have a court date.
 HSAG MANAGEMENT


HSAG NUUSFLITS

1 Februarie 2019 

Geagte HSAG-lede,

Daar was op 28 Januarie 2019 ‘n vergadering voor Regter Siwendu gewees in verband met die moontlikheid dat die “fast track” Aansoek vir HS 21 & 22 oorgeplaas kan word na die Kommersiële Hof in Johannesburg.

Die Kommersiële Hof is 15 jaar gelede gestig, maar was nooit in werking nie. Die kantore van die Regter-president van die Gautengse Afdeling van die Hooggeregshof in Suid-Afrika, het egter op 3 Oktober 2018 ‘n direktief uitgereik wat die onmiddelike inwerkingtreding van die Kommersiële Hof tot effek gehad het.

Hierdie “nuwe” Hof sal slegs sake wat kommersieël van aard is aanhoor.

Ons bevestig dat die vergadering tussen die onderskeie regsverteenwoordigers en Regter Siwendu baie goed gegaan het.

Regter Siwendu het, net soos die Saakbestuurder in die Hooggeregshof, Pretoria, kennis geneem van die dringendheid van die aangeleentheid en het die aangeleentheid onmiddelik as verhoor gereed gesertifiseer.

Die onderskeie regsverteenwoordigers het ooreengekom dat die Aansoek oorgeplaas kan word vanaf die Hooggeregshof in Pretoria na die Kommersiële Hof in Johannesburg.

Die HSAG is tans in die proses om die Aansoek oor te plaas.

Regter Siwendu het aangedui dat die  “fast track” Aansoek heel waarskynlik binne die eerste twee weke van Maart 2019 aangehoor sal word.

Beide partye se regsverteenwoordigers het aangedui dat hulle beskikbaar is vir die voorgestelde tyd.

Ons berig weer aan u sodra ons ‘n Hofdatum het.

HSAG BESTUUR


january / januarie 2019


HSAG NEWSFLASH

9 January 2019

Dear HSAG members,

We wish each HSAG member a prosperous new year!

We believe and trust that 2019 will be a blessed and successful year for the HSAG.

Kindly take notice that the offices of Theron & Partners have re-opened for the New Year.

Should you have any queries, you are more than welcome to contact the attorneys’ offices telephonically. Alternatively, you may send an email to one of the following addresses:

  • hsactiongroup@gmail.com for all General Enquiries; (For Example – to change contact details, Proof of Payments, Death of a Member etc.)
  • hsagenquiries@gmail.com for Specific Enquiries; (For Example requesting information/statements regarding a specific member, exemption queries for a specific member)
  • hsagregister@gmail.com for the registration and deregistration of HSAG members;
  • hsagwhistle@gmail.com for all Confidential Information that you would like to send to us anonymously or interest not paid;
  • hsagestates@gmail.com for all estate related questions.

The correct use of e-mail addresses (as contained on our website and e-mails) as well as HSAG members’ initials and surnames, syndication numbers and reference numbers (e.g. identity number, etc.) for all communications are essential.
HSAG-ADMIN

HSAG NUUSFLITS

9 Januarie 2019

Geagte HSAG-lede,

‘n Voorspoedige nuwe jaar word aan elkeen HSAG-lid toegewens!

Ons glo en vertrou dat 2019 ‘n baie geseënde en voorspoedige jaar vir die HSAG sal wees.

Neem asseblief kennis dat die kantore van Theron & Vennote weer oop is.

Indien u enige navrae het, is u meer as welkom om die kantore van die prokureurs te skakel of om ‘n e-pos na die volgende e-pos adresse te stuur:

  • hsactiongroup@gmail.com vir alle Algemene Navrae (Byvoorbeeld – selfoon of adres veranderinge, betalingsbewyse, kennis van lede wie gesterf het, ensovoorts);
  • hsagenquiries@gmail.com vir Spesifieke Navrae (Byvoorbeeld – navrae rakende besonderhede van ’n spesifieke belegger, navrae rakende kwytskelding van ’n spesifieke belegger, ensovoorts);
  • hsagregister@gmail.com vir die Registrasie en Deregistrasie van HSAG- lede;
  • hsagwhistle@gmail.com vir alle Vertroulike Inligting wat anoniem aan ons gestuur moet word;
  • hsagestates@gmail.com  vir alle Boedel navrae.

Die korrekte gebruik van e-pos adresse (soos vervat op ons webtuiste en e-posse) asook HSAG lede se voorletters en van, sindikasienommers en verwysingsnommers (bv. identiteitsnommer ens.)) vir alle kommunikasie, is uiters noodsaaklik en verpligtend.

HSAG-ADMIN

Notice Archive / Kennisgewings Argief

NOVEMBER 2018

HSAG NUUSFLITS 9 November 2018 IS: VERGADERING VIR SERTIFISERING MET SAAKBESTUURDER, REGTER TOLMAY, PRETORIA Die vergadering tussen die onderskeie regsverteenwoordigers en die Saakbestuurder-Regter om die...
Read More

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.

LATEST NEWS / IN DIE NUUS