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Media Statement

Johannesburg estate agency boss Lew Geffen says the Estate Agency Affairs Board has now confirmed that the suspension of its CEO Nomonde Mapetla has nothing at all to do with his company, Lew Geffen Estates.
 
“In an interview with Moneyweb yesterday, EAAB chairman Thami Bolani clearly said the board was not aware of any investigation into any real estate company other than the completed probe into Wendy Machanik Properties when it suspended Mapetla.
 
“According to him, the Board had, in fact, suspended the CEO while it investigated certain ‘governance issues’ following the many complaints it had received from the real estate industry to do with compliance procedures.
 
Geffen says this underlines the inaccuracy of reports in the Sunday Times and other newspapers which implied that Mapetla had been suspended because she initiated a probe into Lew Geffen Estates.
 
“As I have already said, the suspension has nothing whatsoever to do with my company, and I believe it was malicious to imply that it did.
 
On the issue of whether an investigation actually has been or is about to be launched into Lew Geffen Estates as a result of a complaint to the EAAB by a “whistle-blower”, Geffen says he has received no notification of this from the Board. “In any case regular audits by the EAAB are absolutely routine and when our company had such an audit three years ago the business was found to be absolutely clean.
 
“And as I’ve said repeatedly, the Board is welcome to come and audit our trust accounts and check into our management of client’s funds at any time as we run a squeaky clean business.”
 
ISSUED BY
LEW GEFFEN ESTATES


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