
KleuterZone CEO provisionally sequestrated
Kobus Schoeman received more than R2.6m in payments over 10 months in addition to his salary, say liquidators.
KleuterZone's Kobus Schoeman continued to disseminate misleading messages to investors, even after reports that the franchise defaulted on dividends. Picture: KleuterZone website
The personal estate of former KleuterZone CEO Kobus Schoeman was provisionally sequestrated on Wednesday (7 May).
He did not oppose the application.
Schoeman declined to comment on the matter, stating to Moneyweb that he may do so at a later stage after consulting his legal representatives.
He is the second high-profile individual in the KleuterZone franchise to be provisionally sequestrated, following the sequestration of founder Anthonie Bougas's estate on 8 April.
Bougas's parents, Rensche and Anton, are also facing provisional sequestration. They must give written notice of their intent to oppose the application by the end of Thursday (8 May).
ALSO READ: KleuterZone's collapse: Parents of founder also facing sequestration
Schoeman's sequestration application
Hannes Muller and Madelein Kuilder, joint provisional liquidators of KleuterZone Pty Ltd, argued in their 17 April affidavit to the Western Cape High Court that Schoeman's conduct as CEO raised concerns about fund misappropriation, investor money abuse, and ongoing unlawful activity post-liquidation.
They detail Schoeman's continued involvement in KleuterZone's affairs even after its provisional liquidation on 26 March 2025.
According to the affidavit, Schoeman misappropriated funds and improperly disposed of assets and has continued to dissipate funds through third parties, including his immediate family members.
A review of the financial records shows that in addition to receiving a declared salary of R60 000 per month as CEO of KleuterZone, Schoeman received total payments amounting to more than R2.6 million between April 2024 and February 2025.
ALSO READ: Another KleuterZone company in provisional liquidation
Payment for 'legal services'
The payments included sums invoiced for 'legal services' rendered to KleuterZone, although Schoeman was disbarred as an attorney in 2018.
'The absence of proper documentation substantiating the services rendered, combined with his ineligibility to practice … evidences the legitimacy of the misappropriation of investor funds.'
The liquidators further note that Schoeman used his children as financial conduits to 'conceal the flow of misappropriated funds'.
Between June 2024 and February 2025, over R490 000 was transferred to Schoeman's bank account from his son's account. Additionally, R301 000 was deposited into his account from his daughter's account.
Moreover, on 7 and 8 March this year, soon after the first reports about KleuterZone's financial viability were published, Schoeman transferred R400 000 and R600 000 to the bank account of his mother-in-law.
'No documentation has been offered as to the basis on which she would be entitled to such large amounts.'
ALSO READ: KleuterZone share certificates reference companies that do not exist
Misleading investors
According to the liquidators, Schoeman continued to disseminate misleading messages to investors, even after reports that KleuterZone had defaulted on dividend payments.
'[After] it became evident that the company was both factually and commercially insolvent and unable to meet its obligations … [he] continued to portray the company as solvent and on the verge of recovery.'
The liquidators note that on 1 March, Schoeman sent correspondence to two investors in which he promoted additional investment opportunities in KleuterZone schools.
ALSO READ: Bougas estate provisionally sequestrated
Provisional liquidations
So far, five of the KleuterZone management companies have been placed into provisional liquidation:
KleuterZone Pty Ltd; KleuterZone Operations; KZ Ventures; KleuterZone Empowerment; and KleuterZone Holdings.
The liquidation of ABS Productions, Bougas's company known for producing promotional films, music videos, and event videography, has been finalised.
This article was republished from Moneyweb. Read the original here.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Eyewitness News
22 minutes ago
- Eyewitness News
IFP suspects shooting of members is related to external political motives
JOHANNESBURG - The Inkatha Freedom Party (IFP) suspects the shooting of three of its members is related to external political motives. On 31 May 2025, IFP member of Parliament, Petrus Sithole, was shot dead while two other party members were seriously injured. The incident took place at the Buyafuthi hostel in Katlehong, where the party was holding a meeting. On Thursday, two men accused of the killing and attempted murder appeared at the Palm Ridge Magistrates Court in Katlehong, east of Johannesburg. Khethakuthula Sithole and Nontando Ximba abandoned their bail applications. ALSO READ: 2 suspects in murder of IFP MP Khethamabala Sithole abandon bail bids In doing so, they relinquish the opportunity to share personal details about themselves and whether they intend to plead not guilty or not. The IFP's Gauteng chairperson, Bonginkosi Dhlamini, says the party is hoping the truth will eventually come out. 'Both us as a party and the family, we are satisfied with the investigation that it's not political, it's not internal within the IFP – it's outside, but we cannot say where because it is still under investigation.' Some IFP members in Gauteng are still wary of holding large gatherings. However, Dhlamini says they won't be scared into hiding. 'It's not politically motivated at all, the investigation tells you it's not. Even at the funeral, the family confirmed with us it's not political, but we are interested why would you choose an IFP meeting to kill an IFP leader… what is your motive?' Dhlamini hopes that when the case returns to court on 29 July 2025, police will have made another breakthrough. Meanwhile, Gauteng police have issued a R60,000 reward for any information that leads to the successful arrest and conviction of Zamani Ngila Ximba, who is suspected to be the mastermind behind the shooting. They added that he should be considered armed and dangerous.


eNCA
4 hours ago
- eNCA
Police offer reward for IFP MP murder suspect
JOHANNESBURG - Police have offered a R60,000 reward for information on the last suspect connected to the murder of IFP Deputy Chief Whip Khethamabala Sithole. Sithole was gunned down during a meeting at a hostel in Katlehong. The two suspects arrested in connection with his murder and the attempted murder of two others appeared in court on Thursday. The case was postponed to 29 July for further investigation. The IFP has described Sithole's death as an assassination.

IOL News
5 hours ago
- IOL News
Have you seen this man? SAPS offers R60,000 for 'very dangerous' suspect in IFP MP's assassination
Zamani Ngila Ximba is still at large and is wanted for the murder of an IFP MP and may be hiding in Gauteng or beyond. Gauteng police have offered a R60,000 reward for information leading to the arrest and conviction of a 'very dangerous' man wanted in connection with the murder of Inkatha Freedom Party (IFP) MP Khethamabala Sithole. Provincial police spokesperson Lieutenant Colonel Mavela Masondo confirmed the reward and identified the suspect as Zamani Ngila Ximba. 'The police in Gauteng have issued a reward of R60,000 to anyone who can come forward with information that will lead to the arrest and successful conviction of Zamani Ngila Ximba, who is wanted for the murder of Inkatha Freedom Party Deputy Chief Whip Mr. Khethamabala Sithole,' Masondo said. Masondo described the suspect as tall, dark in complexion, and considered armed and 'very dangerous.' IOL News previously reported that two other suspects have already been arrested in connection with the killing, police national spokesperson Brigadier Athlenda Mathe said. The pair is expected to appear before the Palm Ridge Magistrate's Court on Thursday on a charge of murder. Sithole was gunned down in a hail of bullets on May 31 at the Buyafuthi Hostel in Katlehong, Ekurhuleni.