Hasso Plattner Ventures Africa is a venture capital fund of à29-million based in Cape Town and is mainly sponsored by the German entrepreneur who helped found the software giant SAP in 1972.

Its managers, Marc Balkin and Andrea Böhmert, are at loggerheads over a R30-million investment into a company that was liquidated in January this year.

Balkin and Böhmert have launched separate legal applications against each other, and the matter was heard in the High Court in Cape Town this week.

Balkin applied to have Hasso Plattner Ventures Africa Advisory - the company in charge of managing the Hasso Plattner Ventures Africa Fund - liquidated in a bid to end the fund's relationship with Böhmert, while Böhmert is fighting to stay on.

Plattner, who is based in Schriesheim, Germany, has various assets in SA, including the Fancourt Golf Estate.

Plattner's South African fund - which aims to kickstart "promising innovative technology companies" - has invested R140-million in nine companies.