Company Overview

  • Caveat Investments is in an Authorized Financial Service Provider (FSP no. 24777) registered in SA under the FSCA as a Category 2 Fund Manager, supporting investors with investment needs within SA as well as Globally.
  • Caveat Fund is registered by Caveat Investments SA, as its global Fund Manager within theBritish Virgin Islands (BVI) and is regulated under the BVI Authority.
  • JAB Speculate LLC was appointed by Caveat Fund as the International Expert to manage its offshore portfolio. JAB Speculate LLC is registered within the Cayman Islands and regulated under (CIMA).
  • Tradeview (TVM Markets) is the platform administration Company, registered in the Cayman Islands where JAB is registered as an associated member. Tradeview has the same tasks and responsibilities as Sanlam Glacier, O/M International, Stanlib, etc.
  • Sanlam Trust Services International is the appointed administrators and accountants.

This proof to deliver a complete suit of highly qualified persons, properly regulated entities and specialists working together as one team, generating protection and growth within your investment.


Working with financial advisers, lawyers, bankers, accountants, tax professionals and asset managers, Sanlam Trustees International is committed to providing independent trust, company and fund administration services to our clients.

HLB is a global network of independent advisory and accounting firms. We have a history of innovation, collaboration and are dedicated to helping clients grow across borders. Through the power of 29,363 professionals across 158 countries, we combine local expertise and global capabilities to service your needs. Our members are locally established with deep roots in their local communities yet are closely connected with professionals from across the world. We support clients as they grow nationally, regionally and globally, ensuring a consistent high-quality client experience and personalised service wherever you operate.


JAB SPECULATE LLC strives to trade the most diversified futures portfolio possible for our investors. Our portfolio contains 59 exchange traded futures markets covering the currencies, interest rates, global stock indices, grains, softs (food and fibre), meats, metals, and energies. Our high exposure to the physical commodity futures (56% of weighted markets traded) add value to both individual and institutional portfolios.


We specialise in providing bespoke financial services compliance solutions.

The word “Askari” is a Swahili word and today is used to describe a guard or guardian. At Askari Compliance Services we consider ourselves the guardians of our client’s businesses.Our philosophy is to partner our clients and not to dictate to them – we seek to implement the regulatory requirements in a productive manner whilst staying within the spirit of the law.


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Team Bio’s

Tertius Relihan

Founder and CEO, Key Individual​

Tertius Relihan is a Namibian and has been living in Africa for 50 years and has extensive experience as an investor and entrepreneur in over 8 African countries. He is the founder and CEO as well as Key Individual of Caveat Investments, an authorised Financial Service Provider (Licence No. 24777) which was established on the 11 July 2006. CAVEAT Capital Management PTY LTD is astrategic Advisory firm based in Cape Town, South Africa. Prior to forming Caveat Investments, Tertius was one of the Initial Advisors of Business Partners South Africa. His responsibilities included originating, structuring and submission of credit and/or equity applications to the Board, negotiating and monitoring investments on behalf of Business Partners.He has a Bachelor of Commerce degree majoring in Economics and Mercantile Law from the University of Stellenbosch, and is a Registered Persons for the Equity Market (SAIFM) as well as the Forex Market (SAIFM).He is also a Member of the South African Institute of Financial Markets (MIFM) . In addition he completed all his Regulatory Exams under the FAIS act in South Africa RE-1, RE-3 and RE-5 to act as a Key Individual for an Authorised Financial Services Provider at the Financial Services Conduct AuthorityHe is a former Chief Life Saving Inspector of the Sea and Sand Life Saving Association. The Association focuses on fostering Leadership skills and knowledge of the sea for school leavers of the Sea and Sand Academy, Africa’s premier Life Saving preparatory college.Tertius is on the Paul Roos Gymnasium Old Boys Johannesburg Gauteng Committee.Tertius currently serves as a Fund Advisor to Tulimeke Capital Fund Ltd in Namibia as well as the Chairman of the Investment Committee of Military Veteran Gunners Association of South Africa (NPO) in Johannesburg.

Hanres Beukes

Head of Trading and Strategy

Hanres Beukes has been making use of quantitative models to trade global futures markets for over 10 years. He discovered his passion for trading while attending high school at the Afrikaans Hoer Seunskool (Affies) in Pretoria, 1996 – 2000. Hanres graduated with a Bachelor of Commerce (B.Comm) in Financial Management Sciences at the University of Pretoria (Tuks), which he obtained in December 2012. Since August of 2006, he started using his systematic approach to trade managed accounts. He is registered as a Commodity Fund Manager since 2012 with Tradeview. He is currently acting as the Head Trader & Strategist for Caveat Investments which is registered at the FSCA (FSP no. 24777) as a CAT ll Investment Manager. Hanres is also regulated by the CAYMAN ISLANDS MONETARY AUTHORITY (CIMA) and is a proud member of Tradeview Ltd.He is actively involved in improving and growing Caveat into a force to be reckoned with within the Fund community with his exceptional trading strategies and experience.

Frank Matthysen

NHED+4, DIPFMI, AUT, RE5, Key Individual

Frank has 28 years’ experience, employed by Old Mutual, Sanlam, TMA, Momentum, RMBAM, JAB Speculate Offshore Fund and Caveat Investments, to render support in investment solutions. He worked extensively with FNB-, ABSA- and Nedbank Broker Divisions, Itransact, Imara Reid, AIMS, Investec, Sanlam Glasier, Old Mutual Frontiers, Ashburton, Allan Gray, Momentum Wealth, Momentum Legal Support, & TSA Group Retirement Solutions, developing expanded knowledge, together with exceptional persons and teams in the industry. This assist a strong understanding, combining appropriate investment solutions, no matter within SA or International. He has a special passion for Retirement and Offshore solutions. Frank partake in continuous professional development (CPD), through the International brokers forum, Compliance companies and various financial product suppliers, to support clients & financial advisors within all applicable regulations. Frank is a registered Key Individual at Caveat Investments and Global Marketing Manager for JAB Speculate. He believes in impartial and objective advice, assisting investors and advisors.