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.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

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

    The truth is all that counts...

Latest Property News
  • 20 Mar 2018
    Located close to the fast growing Fourways precinct, Dainfern continues to attract local and international interest from buyers seeking a secure lifestyle with affordable entry price of approximately R3 million.
  • 20 Mar 2018
    Property owners in the Durban CBD are addressing the affordability challenge that faces many prospective tenants in their area – and reconfiguring the inner city rental market in the process.
  • 20 Mar 2018
    One of the most misunderstood concepts in the process of selling a property is an exclusive or sole mandate.
  • 19 Mar 2018
    If a landlord opts to use a managing agent for the rental of his or her property, the inspection process can be easier as the agent is not emotionally involved and will certainly have concluded an in-depth inspection report in the interests of all parties.
  • 19 Mar 2018
    We all wish we could have the cheat sheet for selling a property – a simple Ctrl+Shift+C code that will magically secure an offer on your home in an instant. Though it is not possible to provide you with this cheat code (sadly, reality does not come with such perks), it is possible to provide you with a list of the most common blunders some of your neighbours have committed in their efforts to sell their homes
  • 19 Mar 2018
    Although property technology is now widely accepted as an established trend, especially in the international real estate arena, the industry has been cautious to advance and smaller markets like South Africa are still hesitantly dipping their toes in the water.
  • 16 Mar 2018
    Strange as it may seem, there is a stock shortage looming now in the luxury sector of the Johannesburg property market, because astute buyers have for the past few months been hurrying to snap up high-end homes being offered at excellent prices.
  • 16 Mar 2018
    No one likes having to claim but having insurance for your household contents is vital, and at the start of a new financial year, homeowners either applying for new household insurance or revising their existing insurance should take a comprehensive inventory of their possessions and keep track of the total value.
Subscribe to the MyProperty Newsletter

Last Name  
Email Address  
Email Frequency
Share this Page

For Sale Property
Rental Property
More Options
Connect with us