Canyon Springs Investments

Millions of clothing workers’ pension fund money was transferred to the Canyon Springs investment company with only a draft loan agreement in place.

The Pinnacle Point insolvency hearing has heard that former trade unionist Richard Kawie was introduced to the developers by the Trilinear owner.

Former deputy minister Enoch Godongwana told the Canyon Springs inquiry he and Richard Kawie loaned money to each without any written agreements.

Richard Kawie faces arrest if he fails to appear before a liquidation inquiry to explain R100-million of clothing workers’ missing pension fund money.

Richard Kawie’s evidence is regarded as crucial to the inquiry into the missing pension fund money.

The liquidation inquiry into Canyon Springs, which borrowed and never repaid clothing factory worker’s pension money, was mired in further controversy