It still remains unclear as to why Herman Pretorius would have wanted to shoot and kill his former business partner Julian Williams recently. But the company Williams worked for at the time of his death, Basileus Capital, has defended any involvement with an alleged ponzi scheme.
It was estimated today that losses from a ponzi scheme involving the deceased Cape businessmen who were shot dead last week might exceed R2 billion. The Financial Services Board had visited fund manager Herman Pretorius last week Thursday, the day he died.
Yesterday afternoon at an office on Cape Town’s busy Long Street, Herman Pretorius shot and killed his former business partner Julian Williams. The two had been involved in some kind of dispute.