Several investors in Livestock Wealth have contacted Moneyweb to complain that they are not getting their money back since the publication of an article that the Financial Sector Conduct Authority (FSCA) is investigating the investment scheme.
At that time, in June this year, Livestock Wealth CEO Ntuthuko Shezi came out with guns blazing, publishing a list of e-mail messages between the FSCA and Livestock Wealth on his webpage to say the FSCA previously stated that the crowdfunding platform did not need to register as a financial services provider.
However, recent disclosures raise questions around whether all the cows and macadamia trees are accounted for. An investor sent an e-mail from New Zealand, asking if anybody knows what is going on at Livestock Wealth.
"After initially being good and legit, it seems like things have turned south there," he wrote.
"I submitted a withdrawal request in April and it still has not been processed until now [27 November]."
This story is from the December 11, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 11, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Heritage rescheduled at Vaal
Strydom the jockey to follow on rest of the card.
Quitting on TV: good or bad?
Clinton Larsen became the second coach to quit live on television this season on Saturday.
Sharks make a move in the URC
The Sharks made their move up the United Rugby Championship (URC) table with a breathtaking derby win over the Bulls in Durban, while the Stormers returned to winning ways with a comfortable victory over the Lions in Cape Town.
PINK PROTEAS PLUCKED
ODI: KLAASEN HEROICS NOT ENOUGH AS PAKISTAN SECURE 3-0 WHITEWASH
Larsen quits after Cup loss
Magesi FC head coach Clinton Larsen announced his resignation live on television after his side were beaten 3-0 by the Carling All Stars in the Carling Cup on Saturday at Orlando Stadium.
Usyk maintains perfect record
GREATEST: UKRAINIAN PRAISES HIS 'BEST FRIEND' FURY
Tai hopes to keep cool at Masters
Singapore - Amateur Hiroshi Tai cites Green Jacket winners Hideki Matsuyama and Scottie Scheffler among his golfing heroes and is hoping \"not to be in awe\" of them when he becomes the first Singaporean to tee off at the US Masters in April.
Pep: we will come right eventually
Birmingham - Manchester City manager Pep Guardiola insisted his struggling Premier League champions will regain their confidence after a 2-1 defeat by Aston Villa on Saturday meant they had lost nine of their last 12 matches in all competitions.
Hot Liverpool hit Spurs for six
EPL: MAN UNITED WELL BEATEN AS EVERTON HOLD BLUES
Blue chips ditching ESG
LOANS: 'STILL COMMITTED TO GOVERNANCE'