An attempt to interdict the Pearl Valley Homeowners' Association from allowing residents of the neighbouring The Acres to participate in its imminent AGM has resulted in a whiff shot in the Western Cape High Court.
Ashley Vlotman
The clubs are out at Pearl Valley Golf & Country Estate as the developers of the luxury property are facing accusations of alleged financial misconduct as well as authoritarian and obfuscatory behaviour.
With South African professional golfer Richard Sterne and a group of homeowners on one side of the argument, Martin Venter the CEO & Founder of the Val de Vie Group of Companies and three-time Olympic gold medalist Ryk Neethling on the other; it is a battle of the affluent with the frontlines drawn in the Paarl-Franschhoek Valley.
On 18 March, a letter was addressed to Sterne from Pearl Valley Investments (PVI).