CS Holdings shareholders Reunert and Worldwide African Investment Holdings have launched an investigation into allegations of wrongdoing at CS Holdings.
A team consisting of senior executives from Reunert and Worldwide Africa began their investigation this morning after Moneyweb alleged last week in its Classic Business radio programme that there had been a conflict of interests with regard to the sale of a business and that there had been a lack of accounting disclosure.
Reunert this afternoon published a press release saying that: "Reunert and Worldwide African Investment Holdings, as the two major shareholders in CS Computer Services Holdings (CSH), view the allegations that have been made about CSH on the programme Moneyweb over the past few days in a very serious light."
Reunert owns 31.7% of CS Holdings and Worldwide Africa owns 25%.
"It is the intention of these shareholders to complete the investigation over the next few days to establish if there is any substance in these allegations. Pending the outcome of these findings the appropriate action will be taken."
CS Holdings CEO Annette van der Laan has maintained that the company does and will continue to communicate with all stakeholders.
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