Independent on Saturday

The sale of shares from a trust - the Koos Bekker scenario

The recent Prosus JSE SENS announcement stated that “the [Bekker] family trust sold a parcel of Prosus shares to fund building operations at hotels in various countries in which the family trust has an interest.” It is not clear what the Prosus statement implies – whether these interests are held by the trust or by Bekker and his wife personally, or even through other entities.

The Bekker family owns the Babylonstoren estate, in the Western Cape, which houses luxury hotels, directly or through the trust or other entities. In 2019, they also opened The Newt in Somerset, about 180 km southwest of London, in the UK.

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