CAPE TOWN - Capitec Bank chief executive Gerrie Fourie told Parliament members on Tuesday that the structure at Viceroy Research was questionable.
Viceroy Research as an institution is not stable, according to Fourie.
The research company is essentially made up of three people, two Australians, Aidan Law and Gabriel Bernarde, as well as a UK national, Fraser Perring.
What is more troubling is that the research company is linked to at least three hedge funds.
Fourie said that Viceroy was not regulated. The company’s structure is not disclosed and is not audited.