Trilinear funds


Trilinear funds

Where did all those pensions go? The brief was to make sure the members have a bigger kitty.

Information on the investment of Trilinear funds is still thin on the ground. It’s a pretty complex story that basically goes like this: a man by the name of Sam Buthelezi had an asset management company called Trilinear Capital and he persuaded the South African Clothing and Textile Workers’ Union (Sactwu) to invest pension funds in his company’s Trilinear Empowerment Trust – R460 million in total.  Trilinear invested (as in lost) R93m of this money in Canyon Springs Investment 12, a company that was 50% owned by Enoch Godongwana and his wife, Thandiwe, and which is now in liquidation and the subject of an insolvency inquiry.

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.

Keywords:
Trilinear
Sam Buthelezi
Pinnacle Point
Absa
Group Five
iLima Consortium
Sactwu
Richard Kawie
Enoch Godongwana
Canyon Springs
Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -

Disclaimer

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.