International wealth and asset manager Caleo Capital has been rocked by racism and anti-Semitism allegations levelled against one of its shareholders in ugly episodes that have seen relations between the company’s top brass and the shareholder break down.

The shareholder, Willem Ackerman, who is also a former client of the company, has been ordered by the equality court to pay R500,000 to the Ahmed Kathrada Foundation after it found him guilty of hate speech. ..

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