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Pamodzi's four- year legal battle over R50 million fraud finally heads to court
The Star
|July 23, 2025
SOUTH African conglomerate Pamodzi Capital is finally set to get its day in court over a case of alleged fraud involving its former CFO and third parties, who allegedly defrauded the company of R50 million.
In a statement issued on Tuesday, the company confirmed that the matter has been set down for hearing at the Palm Ridge Commercial Crimes Court this Thursday and Friday.
The hearing comes after what Pamodzi describes as "endless delays" that have plagued the case since 2021.
Pamodzi, originally founded in 1979, grew into one of South Africa's most prominent black-owned private equity firms. However, it has not been without financial difficulties, which affected it around 2008 when its now-defunct gold subsidiary was placed under provisional liquidation due to chronic instability and its inability to pay workers.
This story is from the July 23, 2025 edition of The Star.
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