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Home Business

Dave van Niekerk meets king

Kwazi Masuku by Kwazi Masuku
February 18, 2024
in Business, Economy
Reading Time: 2 mins read
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Mbabane – In what could shock many, former Status Capital Director, Dave Van Niekerk has allegedly met the king – at least according to a picture seen by the Independent News.

According to our sources, Dave met with His Majesty King Mswati III yesterday.

Contacted by this publication after our team has seen the picture of the former boss shaking hands with Ingwenyama,he bodly confirmed that he met with the king and it was a very positive meeting.

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“I did meet his Majesty. But I’m not sure that it is appropriate for me to share the details of the meeting other than to say it was a very positive meeting and that I enjoyed the visit and I look forward to doing a lot more in Eswatini.”

Dave has in the recent past been in the headlines for the wrong reasons. Battle lines have been drawn. Status Capital Building Society Board filed summons in South Africa’s High Court in a bid to recover an E100 million investment in companies linked with its former director – Dave van Niekerk.

At the same time, Van Niekerk is fighting back, calling on the Board to step down and promising to invest funds to rescue the sinking ship.
Through a presentation which ended up not being delivered by his lawyer Craig Assheton-Smith during the Special Annual General Meeting (AGM) at Sibanesami Hotel, Van Niekerk accused the Board of mismanaging the organisation, using members funds to cover overheads and also paying salaries for board members and management even though there is insufficient income to support the expenses.
EmaSwati investors have been tortured by news that in financial jeopardy following over E82 million invested through Status Capital Building Society was been diverted out of the country without authorisation.

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Kwazi Masuku

Kwazi Masuku

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Independent News Eswatini

Independent News Eswatini, founded in 2007 and based in Mbabane, is a private media house and the fastest-growing weekly publication in the country. It focuses on investigative journalism, government accountability, corruption exposure, business insights, technology, and economic analysis.

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