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/ 24 February 2011

Who’s behind Horizons?

Afripalm Horizons is 51% owned by Afripalm Resources, according to one of its directors, Menzi Mbatha. Afripalm Resources’ largest shareholder is Lazarus Zim, its founder and chairperson. When the company did a major deal with listed Mvelaphanda Resources in 2007, his stake was put at 30% in a shareholder circular. The circular said that the […]

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/ 24 February 2011

Legal woes with ex-business partner

Trifecta director Christo Scholtz is embroiled in a legal battle with his ex-business partner’s widow, who claims he cheated her family out of her dead husband’s stake in the company. At the time of his death in a plane crash near Kimberley in March 2009, Sarel Breda’s Shosholoza Trust held 55% of Trifecta Investment Holdings […]