CEO Update

Clark says:

"How is it possible that the Southern African Clothing and Textile Workers Union pension funds had R260m invested with the now liquidated Pinnacle Point Group. The advisors, fund managers and trustees must take accountability of allowing such an investment with pension funds. Even the most basic investor knew that this share was managed by cowboys, over leveraged and with a product in over supply? Fund managers and advisors are charging employees 3% of their savings for this kind of advice - shocking!"