KleuterZone woes grow

FALLING FAST: ANOTHER COMPANY IN PROVISIONAL LIQUIDATION

- Liesl Peyper

A second KleuterZone company has been put into provisional liquidation. On Friday, the Western Cape High Court granted an order for the provisional winding up of KleuterZone (KZ) Ventures, a management company of the controversial KleuterZone franchise.

Rikus Hartman, who applied for the provisional liquidation of KZ Ventures and is also the appointed liquidator for KleuterZone Operations, noted in his founding affidavit that the main goal for registering KZ Ventures as a company was to allocate and issue share certificates to investors who were not yet allocated to a school where a school was still being registered or built.

The KleuterZone franchise, whose founder Anthonie Bougas has fled to Thailand, operated under a complex structure with various trade names and subsidiaries, including KleuterZone Operations and KZ Ventures.

Bougas allegedly made payments into the bank account of KZ Ventures totalling R880 000.

"Waiting room" for investments