Forex dealer Sandile Shezi still owes R1.2-million to retired principal. A retired Limpopo school principal is losing hope of ever recovering his R1.2-million pension payout that he invested in forex trader Sandile Shezi’s company. Shezi allegedly defrauded him and other investors of millions of rands.
The pensioner, who did not want to be named for fear of victimisation, said he has not received any of his money back from Shezi, despite opening a case of fraud against him over a year ago. He said Shezi failed to honour his promise to pay him back in weekly instalments of R10 000 from November 2022. He only made one payment before claiming to be broke.
“He has not said anything to me and he remains quiet,” said the pensioner.
The pensioner was disappointed to see Shezi skipping his court appearance in the Wynberg magistrate’s court a week ago without a valid reason. A warrant was issued for his arrest, but Shezi surrendered himself to the Sandton police station last week and was released shortly after.
He is expected to appear in court again on December 13 for trial on allegations of fraud.
Meanwhile, Shezi continues to live a lavish lifestyle as a free man.