Report 73 Business Practices Committee

At its meeting on 9 December 1998 the Committee resolved to undertake a section 8(1)(a) investigation into the business practices of Realiteitsrisiko Bestuursdienste (Edms) Bpk, RealiteitsNet, Realiteits-Risiko-Bestuurders, Nicolaas Hermanus van der Dussen and others.

The following notice was published as Notice 6 of 1999 in Government Gazette 19660 of 8 January 1999.

"In terms of the provisions of section 8(4) of the Harmful Business Practices Act, 1988 (Act No. 71 of 1988), notice is herewith given that the Business Practices Committee intends undertaking an investigation in terms of section 8(1)(a) of the said Act into the business practices of:

Realiteitsrisiko Bestuursdienste (Edms) Bpk, RealiteitsNet, Realiteits-Risiko-Bestuurders, Nicolaas Hermanus van der Dussen (ID 570522 5056 083) and any other director, member, employee, agent and/or representative of any of the aforementioned in respect of the activities of Realiteitsrisiko Bestuursdienste (Edms) Bpk, RealiteitsNet and Realiteits-Risiko Bestuurders.

Any person may within a period of fourteen (14) days from the date of this notice make written representations regarding the above-mentioned investigation to:

The Secretary, Business Practices Committee, Private Bag X84, Pretoria, 0001. Tel: 012-310-9562 Fax: 012-322-8489. Ms L vanZyl [Ref H101/20/10/47(98)]".

On 21 January 1999, during a discussion with officials of the Committee, Mr Dirk Geldenhuys (15) (Geldenhuys), questioned the inclusion of RealityNet in the notice of the investigation since VdDussen was "...not at all involved in RealtyNet". Fact of the matter was that VdDussen was involved with RealityNet (see footnote 4). Geldenhuys told the officials that he intends to come to the "rescue" of the shareholders by affording them shares in a planned new company. (16)