-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Et+uU4tQO5+m7BH3dLs31qCL7z+/sqBplb8fx6LjYGYSR44ruO/rr7abgTIsT0bD iLfqF3B1vmVrshky8mMgxA== 0000950123-98-001603.txt : 19980218 0000950123-98-001603.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950123-98-001603 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980217 SROS: NONE GROUP MEMBERS: BANKERS TRUST CO/ NY GROUP MEMBERS: BANKERS TRUST INTERNATIONAL PLC GROUP MEMBERS: BT CAPITAL ADVISORS INC GROUP MEMBERS: BT INVESTMENT MANAGEMENT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOUTH AFRICA CORP LTD CENTRAL INDEX KEY: 0001003390 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-50469 FILM NUMBER: 98543187 BUSINESS ADDRESS: STREET 1: CLARENDON HOUSE CHURCH STREET STREET 2: CHURCH ST CITY: HAMILTON HM CX BURMU STATE: D0 ZIP: 00000 BUSINESS PHONE: 4412951422 MAIL ADDRESS: STREET 1: 2665 S BAYSHORE DR 405 CITY: COCONUT GROVE STATE: FL ZIP: 33133 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANKERS TRUST CO/ NY CENTRAL INDEX KEY: 0001055988 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1 BANKERS TRUST PLAZA STREET 2: 130 LIBERTY ST CITY: NEW YORK STATE: NY ZIP: 10006 BUSINESS PHONE: 2122502500 SC 13G 1 SCHEDULE 13G 1 Page 1 of 15 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 First South Africa Corp., Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) G34874-10-0 - -------------------------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with the statement /x/. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 Page 2 of 15 Pages SCHEDULE 13G CUSIP No. G34874-10-0 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bankers Trust Company - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 Shares BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON WITH 2,077,340 Shares -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 Shares - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,077,340 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,077,340 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 24.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BK - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 3 Page 3 of 15 Pages SCHEDULE 13G CUSIP No. G34874-10-0 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bankers Trust International PLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION London, England - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF -------------------------------------------------------------- SHARES 0 Shares BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON WITH 2,077,340 Shares -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 Shares - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,077,340 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,077,340 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 24.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 4 Page 4 of 15 Pages SCHEDULE 13G CUSIP No. G34874-10-0 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BT Capital Advisors, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 Shares BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON WITH 2,077,340 Shares -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 Shares - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,077,340 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,077,340 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 24.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 5 Page 5 of 15 Pages SCHEDULE 13G CUSIP No. G34874-10-0 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BT Investment Management - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 Shares BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON WITH 187,866 Shares -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 Shares - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 187,866 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 187,866 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.17% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 6 Page 6 of 15 Pages DISCLAIMER OF BENEFICIAL OWNERSHIP THE FILING OF THIS SCHEDULE 13G STATEMENT SHALL NOT BE CONSTRUED AS AN ADMISSION THAT BANKERS TRUST COMPANY, BANKERS TRUST INTERNATIONAL PLC, BT CAPITAL ADVISORS, INC. OR BT INVESTMENT MANAGEMENT IS, FOR THE PURPOSE OF SECTION 13G OF THE SECURITIES AND EXCHANGE ACT OF 1934, OR FOR ANY OTHER PURPOSE, THE BENEFICIAL OWNER OF THE SECURITIES SET FORTH IN ITEM 4 HEREOF. Item 1. (a) Name of Issuer: First South Africa Corp., Ltd. (b) Address of Issuer's Principal Executive Offices: First South Africa Corp., Ltd. Clarendon House Church Street Hamilton, Bermuda Item 2. (a) Name of Person Filing: This Schedule 13G is being filed by (i) Bankers Trust Company,(1) a wholly owned subsidiary of Bankers Trust New York Corporation,(ii) Bankers Trust International PLC,(1) a wholly owned subsidiary of Bankers Trust Company, (iii) BT Capital Advisors, Inc.,(1) a wholly owned subsidiary of Bankers Trust Company, and (iv) BT Investment Management.(2) (b) Address of Principal Business Office or, if none, Residence: The principal business office of the Persons listed in Item 2(a) above is: - ---------- (1) Bankers Trust Company, Bankers Trust International PLC and BT Capital Advisors, Inc. act as investment advisors (the "Advisors") to BT Global Credit Limited, a Cayman Island company and BT Emerging World Limited, a Cayman Island company. As a result the Advisors may be deemed to be the beneficial owners of shares of the Issuer owned by such companies. (2) BT Investment Management acts as investment advisor to BT Investment Management Japan Limited. As a result BT Investment Management may be deemed to be the beneficial owner of the shares of the Issuer owned by BT Investment Management Japan Limited. 7 Page 7 of 15 Pages 1 Bankers Trust Plaza 130 Liberty Street New York, New York 10006 (c) Citizenship: Bankers Trust Company is a New York Corporation. Bankers Trust International PLC is incorporated in England. BT Capital Advisors, Inc. and BT Investment Management are Delaware corporations. (d) Title of Class of Securities: Common Stock (e) CUSIP Number: G34874-10-0 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ]Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in Section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (d) [ ] Investment Company registered under Section 8 of the Investment Company Act (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)(Note: See Item 7) (h) [ ] Group, in accordance with ss.240.13d- 1(b)(1)(ii)(H) For Bankers Trust Company, (b) Bank as defined in Section 3(a)(6) of the Act Bankers Trust International PLC is a corporation permitted to report on Schedule 13G in accordance with the Securities and Exchange Commission no 8 Page 8 of 15 Pages action letter issued to Bankers Trust New York Corporation dated May 15, 1990 For BT Capital Advisors, Inc., (e) Investment Advisor registered under Section 203 of the Investment Advisor's Act of 1940 For BT Investment Management, (e) Investment Advisor registered under Section 203 of the Investment Advisor's Act of 1940 Item 4. Ownership The information set forth in Items 5 through 11 on pages 2-5 of this Schedule is incorporated herein by reference. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable 9 Page 9 of 15 Pages Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group Not Applicable 10 Page 10 of 15 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 1998 Signature: BANKERS TRUST COMPANY, a New York Corporation By: /s/ William E. Walsh Name: William E. Walsh Title: Principal 11 Page 11 of 15 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 1998 Signature: BT CAPITAL ADVISORS, INC., a Delaware Corporation By: /s/ William E. Walsh Name: William E. Walsh Title: Vice-President 12 Page 12 of 15 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 1998 Signature: BANKERS TRUST INTERNATIONAL PLC By: /s/ Daniel Gardner Name: Daniel Gardner Title: Principal 13 Page 13 of 15 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 1998 Signature: BT INVESTMENT MANAGEMENT, a Delaware Corporation By: /s/ James Tucker Name: James Tucker Title: Vice-President 14 Page 14 of 15 Pages EXHIBIT INDEX Exhibit Description 1.1 Joint Filing Statement of Bankers Trust Company, Bankers Trust International PLC, BT Capital Advisors, Inc., and BT Investment Management EX-99.1.1 2 JOINT FILING AGREEMENT 1 Page 15 of 15 Pages EXHIBIT 1.1 JOINT FILING STATEMENT Pursuant to Rule 13d-1(f)(1), each of the undersigned hereby consents to the joint filing of a statement on Schedule 13G with respect to shares of Common Stock of First South Africa Corp., Ltd. on behalf of each of them. Date: February 13, 1998 BANKERS TRUST COMPANY. a Delaware Corporation By: /s/ William E. Walsh Name: William E. Walsh Title: Principal BT CAPITAL ADVISORS, INC., a Delaware Corporation By: /s/ William E. Walsh Name: William E. Walsh Title: Vice-President BANKERS TRUST INTERNATIONAL PLC By: /s/ Daniel Gardner Name: Daniel Gardner Title: Principal Signature: BT INVESTMENT MANAGEMENT, a Delaware Corporation By: /s/ James Tucker Name: James Tucker Title: Vice-President -----END PRIVACY-ENHANCED MESSAGE-----