Headline:Celebrities Facing Financial Hardships: Cars and Homes Repossessed
High-profile individuals hit by financial woes leading to asset seizures
In a stark reminder that fame and fortune do not always equate to financial stability, several South African celebrities have found themselves in dire straits, facing the repossession of their cars and homes due to financial difficulties.
Renowned judge on South African Idols, Unathi Nkayi, recently grappled with financial turmoil as she found herself owing a significant R120,000 in income tax to the South African Revenue Service (SARS). According to reports from the Sunday World newspaper, Nkayi was summoned to court, where a judge ruled that her multimillion-rand home be attached to recover the outstanding debt.
Famed singer Kelly Khumalo faced a challenging situation when she purchased a Porsche Cayenne through Nedbank but struggled to keep up with the agreed-upon payments. This financial strain led to arrears amounting to R62,000, ultimately causing the bank to cancel her sale agreement.
Actress Sophie Lichaba had her company car repossessed after failing to meet payments to her creditors. Allegedly owing more than R685,000, Lichaba’s financial difficulties resulted in the unfortunate repossession of her vehicle.
Actor Tony Kgoroge faced a harsh reality when his Mercedes Benz C300 was repossessed by Wesbank due to his inability to meet payments. In a candid interview, Kgoroge revealed that the loss of his car underscored the financial challenges experienced by artists in the country. He made the painful decision to part with his car to cover essential expenses such as his home and his children’s school fees.
Another actor, Matli Mohapeloa, encountered a devastating situation when his home was repossessed after failing to make payments for three consecutive months. His mounting debt of approximately R40,000 led to the auctioning of his property.
Actress Katlego Danke found herself in dire financial straits when she reportedly fell behind on payments for her home loan with FNB for a house she had purchased in Randburg. The situation escalated to the point where her house was put up for auction. Prior to the auction, the property had incurred damages necessitating approximately R50,000 for renovations.
These sobering examples shed light on the often-hidden financial challenges that celebrities can face. Despite their public personas and glamorous lifestyles, the loss of valuable assets such as cars and homes serves as a stark reminder that even those in the spotlight are not immune to financial hardship.
Source:
https://okmzansi.co.za/sa-celebs-whose-houses-or-cars-are-being-repossessed-by-banks/
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