Statement from Dr. Andrew Golding - ‘Special Assignment’

Pam Golding Properties wishes to make it clear that “the content” of the Special Assignment broadcast on SABC 3 on Thursday 12 April, 2012, is devoid of any factual foundation insofar as it relates to PGP.  The content is misguided, misleading and defamatory in the extreme.

The findings of their so-called investigations are fundamentally incorrect insofar as they relate to PGP and we categorically deny any corrupt, unethical or unlawful business practices on our part.

We marketed the La Perla project in and around 2003 and 2004 on behalf of the developer on the basis of the investors having leasehold rights, a fact which was detailed and explained to the investors with whom PGP dealt. Moreover the leasehold nature of the transaction was expressly stated in the sale agreements concerned. During the period of the mandate we facilitated 10 transactions out of the 52 available units.

The couple interviewed on Special Assignment did not purchase at La Perla through PGP as implied in the broadcast, and we have no involvement in or knowledge of their transaction.

The developer was authorized by the Mozambique authorities to develop the land as a tourism project, and had the necessary approvals.  In terms of our mandate the developer undertook to deal in all respects to obtain all approvals required by the Mozambican authorities.  The developer, assisted by his legal advisors, developed and approved all sales and marketing documentation. In addition, the developer appointed his own attorneys to attend to the property registrations. All investors’ deposits were paid directly into the developer’s attorney’s trust account and at no stage did PGP receive any investors’ funds.

At the time we commenced marketing the approvals had been granted and were revoked after the termination of the project and our involvement at La Perla had ceased.

As far as we are aware we are not under investigation by any authority, nor have any legal proceedings of any nature been commenced against Pam Golding Properties in South Africa or Mozambique.

PGP provided Special Assignment with all of the information requested by them prior to the broadcast, however this information was excluded from the broadcast.  Given the defamatory and prejudicial nature of the content PGP has demanded a written retraction and apology from the SABC and reserved all of our rights including the rights to claim damages.

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  • Pam Snyman - posted 21 Apr 2012 12:11 PM                                    

    The truth is all that counts...

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