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Disciplinary committee chair dismisses application for recusals of two committee members. 00:01
About 18 000 investors invested an estimated R5bn in Sharemax Investmentâs schemes. Image: Moneyweb
The Independent Regulatory Board for Auditors (Irba) disciplinary hearing against the three former auditors to the failed Sharemax Investments property syndication schemes is set to continue.
This follows a decision by Advocate Anthea Platt, chair of the disciplinary hearing, dismissing an application by Advocate Mike Maritz, appearing for the three auditors, for the recusal of Suren Sooklal and Horton Griffiths, two members of the disciplinary hearing committee.
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Following an application for the recusal of two members of the disciplinary committee. 00:01
No end in sight for this particular part of the Sharemax controversy. Image: Moneyweb
The Independent Regulatory Board for Auditors (Irba) disciplinary hearing against former auditors of the failed Sharemax property syndication scheme has been postponed
sine die (indefinitely).
This follows Advocate Mike Maritz, appearing for the three auditors, this week submitting an application for the recusal of two committee members of the disciplinary committee on the grounds of actual bias or perceived bias related to the proceedings.
Read:
Accusations and denialsÂ
Advocate Kate Hofmeyr, appearing for Irba, said on Wednesday the allegations made by Maritz that she had misled the committee in her opening address are unfounded and untrue.
“Let’s give former president Jacob Zuma time and space, people are counselling him, all of us need time to reflect and think. In life it is always best to think about matters carefully and deeply before coming to a rushed conclusion.” President Cyril Ramaphosa: Soweto, Friday, 5 February 2021.
The rule of law remains axiomatic to any functioning constitutional democracy.
One of the most defining moments of Nelson Mandela’s presidency was the moment he took the stand in the case of the
President of the RSA and Others v South African Rugby Football Union & Others in 1999.
In 1998, President Mandela appointed a commission to investigate allegations of racism, nepotism and corruption against Sarfu. Sarfu approached the court in order to stop the work of the commission. Judge William de Villiers saw fit to subpoena the president himself to give evidence as to why he ordered the probe. This sparked much debate about whether the president should have to defend his every d