Press Release by the Board of Directors of Corpcap
Press Release By The Board of Directors of Corpcapital
Corpcapital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/011384/06)
(Share code: CPA ISIN: ZAE000034260)
("Corpcapital" or "the company")
The Minister of Trade and Industry has appointed Advocate John Myburgh SC and
Professor Keith Prinsloo as inspectors to investigate certain affairs of the
Corpcapital group of companies.
The appointment follows representations made to the Minister by Nick Frangos.
The Minister has requested the company"s assistance and cooperation with a view
to achieving an amicable resolution of the matter.
The company welcomes the appointment and will cooperate fully with the
investigations.
The board looks forward to the opportunity of finally rebutting the allegations.
The board does not foresee that the investigations will have an effect on the
implementation of Corpcapital"s realisation strategy and consequential
distributions to shareholders
Rosebank
21 August 2003
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