One man made a fortune from the collapse of South Africa’s ‘Robin Hood’

• The collapse of UniBank in 2002/03 was not a financial failure, but rather a strategic exit for Hosken Consolidated Investments (HCI), which made a profit from the deal.
• HCI's success was largely due to its Black Economic Empowerment (BEE) credentials and leveraging substantial debt to grow its asset base.
• The collapse of UniBank led to HCI being acquired by the Southern African Clothing and Textile Workers Union (SACTWU), allowing Copelyn to invest on behalf of workers and create wealth for union members.