Investors in Sharemax's two largest syndications, Zambezi Retail Park and The Villa, did not receive their normal income payments on Tuesday. It is usual for investors to receive these payments at the end of each month.
An auditor of a property syndication company with links to Sharemax and PIC Syndications has been clobbered by the Independent Regulatory Board for Auditors (Irba). An unnamed audito...
Investors take an income knock on properties valued at R800m. Investors in three PIC property syndication companies have had to accept a one-fifth reduction in income. This has been ...