City Press has received complaints from several South African investors who had bought into UK property developments through South African-based property marketing company SJ Capital
Investigations found that the investment was extremely high risk, investors were not fully informed of the risks and many had seen no returns for more than a decade.
“The consultant told us that the investment period would be around two to three years at very good returns as compared with bonds or normal commercial interest. What was sold to us was everything good about the investment, and nothing about the associated risks. It was only when three years came and went, then five, then seven, then 10 and we were being referred to the small print, that we began to suspect we were being duped.
A tree preservation order is made by a local planning authority in the UK to protect trees and woodlands. It stops people from cutting trees down, uprooting them, or causing wilful damage or destruction. The RBWM Council told City Press: “The site was proposed for allocation of the submission version of the borough local plan, but was not included as an allocation in the proposed changes version of the plan, mainly due to flooding concerns.
SJ Capital’s website assures that they take no responsibility for any outcomes, stating that “no representation, warranty, undertaking or guarantee of whatever nature is made or given concerning the accuracy and/or completeness of such opinions.
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