FSB: Rockland entities under curatorship

Following an application by the Executive Officer of the Financial Services Board (FSB), the Western Cape High Court has granted a provisional order to place the collective investment scheme and financial services business of Rockland Asset Management and

Mr Pierre Kriel has been appointed provisional curator of the business of the Rockland entities. The return date of the provisional order is 9 October 2012 when interested parties may be heard and a report by the provisional curator will be considered by the Court.

In terms of the provisional order, the curator will take immediate control of the business of the Rockland entities and investigate the affairs, business and operations of the entities, particularly the investments made in various investment instruments on behalf of a number of retirement funds.

The FSB requests members of the public not to address enquiries to the curator as his time will be fully occupied by this assignment. Progress with the curatorship will from time to time be made known through the media