Rael Levitt, who has not been seen in real estate since 2012 when he fought with one of the country’s wealthiest women, Wendy Appelbaum, has co-founded a new property fund called Inospace.
This is the first property venture he has been involved with since the company he headed, Auction Alliance, unravelled and was shut down in 2012 after Appelbaum, the owner and chair of De Morgenzon Wine Estate in Stellenbosch, accused him of bid rigging and using ghost-bidding tactics at an auction for Quoin Rock Winery and Manor Estate.
Levitt was not available for interviews on Wednesday.