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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
First South Africa Corp., Ltd.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
G34874-10-0
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(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).
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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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
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8 SHARED DISPOSITIVE POWER
2,077,340 Shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,077,340 Shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.1%
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12 TYPE OF REPORTING PERSON*
BK
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
London, England
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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
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8 SHARED DISPOSITIVE POWER
2,077,340 Shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,077,340 Shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.1%
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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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.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
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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
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8 SHARED DISPOSITIVE POWER
2,077,340 Shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,077,340 Shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.1%
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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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
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8 SHARED DISPOSITIVE POWER
187,866 Shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,866 Shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.17%
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12 TYPE OF REPORTING PERSON*
IA
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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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.
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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
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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
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Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
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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
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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
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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
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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
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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
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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
