Lonehill boys take Absa for R1.1bn

Lonehill boys take Absa for R1.1bn

Hard to believe – but early last year ABSA Commercial Property Finance rushed to lend Joburg’s notorious Theodosiou brothers close on R900m, secured by bonds registered on their various illegally-built shopping malls! Absolutely predictably, the bank hasn’t received a bean in interest or monthly repayments since.  By the time you read this it will be R970m.

Like to see more ?

Subscribe to our on-line edition !

For a mere R305.00 per year you get the convenience of our online version including:
  • Twelve monthly issues of Noseweek delivered to your browser
  • A searchable archive
  • Access to every back issue since 1993 !
  • A downloadable PDF version

If it’s just the article you are after, you can purchase it by clicking here.

Tempted ?

For a taste of what awaits you, you are welcome to browse this free issue.

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -
Submitted by : FD Rencken on 2008-12-30 20:28:03
Their dealings at Kyalami seem similarly frightening...

Dieter Rencken


While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.

Important information regarding cookies
By using this website, you consent to the use of cookies in accordance with our Privacy Policy.