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Veteran stockbroker Sidney Frankel likely to face civil case

Six people, male and female, claim Frankel abused them when they were between seven and 12 years old.

FILE: Sidney Frankel's attorney has declined to comment on the allegations. Picture: SAPS.

JOHANNESBURG - A civil case is being prepared against South African stockbroker Sidney Frankel in connection with ongoing sexual abuse allegations.

Frankel is expected to be summonsed to appear in court before the end of June after six people came forward claiming that he abused them more than 20 years ago.

Six people, including both male and female, claim Frankel abused them when they were between seven and 12 years old, either at their homes or when they visited him at his farm.

The alleged incidents took place about 20 years ago and the claims were first made public in an article published in Noseweek last year, which labelled Frankel a "paedophile" who left many of his child victims psychologically damaged.

Frankel was once considered one of Johannesburg's wealthiest men, and was also credited with connecting Cyril Ramaphosa and Roelf Meyer during negotiations ahead of the 1994 elections.

He is being representing by Billy Gundelfinger, who has declined to comment on the allegations.

"He's not going to ventilate or litigate this matter in the media. If there's any merit in these allegations then he will deal with it in the appropriate forum."

A civil claim is the only option available to the alleged victims at this stage, as the events took place more than 20 years ago, so by law they can no longer lay criminal charges.

LISTEN: Sidney Frankel: Why Noseweek decided to publish?

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