Exclusive: We did our due diligence, says Livestock Wealth investors
- Livestock Wealth is accused of operating without licensing by South Africa’s financial services regulator.
- Mineworkers Investment Company (MIC) claims to have performed due diligence before investing in Livestock Wealth.
- Rand Merchants International states that extensive due diligence was conducted on Livestock Wealth.
The allegations against Livestock Wealth raise concerns about its compliance with licensing regulations. However, the fact that both the lead investor and another investor claim to have conducted due diligence suggests that they had confidence in the company. The expansion of Livestock Wealth's model to farmlands indicates its growth potential in the market.
