Former broker with a beef against PWC declared a vexatious litigant by the court

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South Africa Headlines News

The Western Cape High Court has declared former financial broker Deon Pienaar “a vexatious litigant” after the auditing firm PricewaterhouseCoopers (PWC) sued Pienaar for persistently initiating a string of legal actions against them.

Court papers show that Pienaar has over the years made allegations of fraud, dishonesty and impropriety against PWC, the South African Reserve Bank, Prudential Authority, legal representatives and the legal fraternity in relation to failed property syndication schemes where he hopes to help investors to recover all their money with interest.

Passing judgment, Acting Judge Constance Nziweni, of the Western Cape High Court, said Pienaar’s actions were an abuse of the process of court. “What is more, tragically the first respondent and his investors assume that it is perfectly acceptable and normal for the first respondent to represent their cause in courts, even though he has no background in litigation.

 

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