Reserve Bank on update for investors in SuraPure Drinks, NaxaInvest and NaxaPhase

  • Print

The Registrar of Banks appointed employees of Ernst & Young (EY) as temporary inspectors to conduct an investigation into the business activities conducted by SuraPure Drinks (Pty) Limited and/or SuraPure Drinks CC and/or NaxaInvest and/or NaxaPhase and/or Cornelius van der Merwe and/or Liesel Oosthuizen and/or any related person/s or entity/ies (“SuraPure”).

The investigation concluded that these entities/persons contravened the Banks Act, 1990 (Act No. 94 of 1990) as Amended, by conducting the business of a bank whilst not being registered as such.

A directive to repay investors was issued by the Registrar to SuraPure and KPMG Services (Pty) Limited (“KPMG”) was subsequently appointed as repayment administrators.

KPMG is currently compiling a list of investors of SuraPure and has set-up a dedicated telephone line through which investors can submit their details.

SuraPure investors can contact 0800 000 806