Louis Liebenberg, the owner of diamond company Tariomix, has faced allegations of operating a Ponzi scheme, enticing investors with offers of diamond parcels that resulted in major losses. Tariomix has accumulated around R4 billion from investors and creditors and now faces liquidation. Liebenberg recently launched a political party called Herbou, campaigning for economic reform and the transfer of mineral wealth to citizens. Despite the turmoil, Cape Town continues to thrive, offering attractive deals on cars under R100 000 to locals and tourists.
