THIS DOCUMENT IS A COPY OF THE SCHEDULE 13G FILED ON FEBRUARY 14, 1997, PURSUANT
TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.D. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
FIRST SOUTH AFRICA CORP., LTD.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
G34874100
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (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
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).
SEC 1745 (2-95)
Page 1 of 3 pages
<PAGE>
13G
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CUSIP NO.G34874100 PAGE 2 OF 3 PAGES
- ------------------ -----------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Clive Kabatznik
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
265,000
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6 SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 265,000
WITH
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.40%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
Page 2 of 3 pages
<PAGE>
13G
- ------------------ -----------------
CUSIP NO.G34874100 PAGE 2 OF 3 PAGES
- ------------------ -----------------
ITEM 4. OWNERSHIP. As of December 31, 1996:
(a) Amount beneficially owned: 265,000 shares. Includes 210,000
shares of Class B Common Stock, par value $.01 per share (the
"Class B Common Stock") held by Mr. Kabatznik and 55,000
shares of Common Stock, par value $.01 per share, issuable
upon exercise of options that are immediately exercisable at
an exercise price of $5.00 per share. Does not include 150,000
shares of Common Stock issuable upon exercise of options not
exercisable within 60 days. Each share of Class B Common Stock
has five votes per share; each share of Common Stock has one
vote per share.
(b) Percent of class: 6.40%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 265,000
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of:
265,000
(iv) Shared power to dispose or direct the disposition of:
0
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.
FEBRUARY 13, 1997
------------------------------------
Date
/S/ CLIVE KABATZNIK
------------------------------------
Signature
Clive Kabatznik
Chief Executive Officer, President,
Chief Financial Officer and Director
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Name/Title
SEC 1745 (2-95)
Page 3 of 3 pages
