Through his lawyers, Shivambu asked Rooplal if he could repay the loan debt at R5 000 per month – significantly less than the interest accruing on the balances or the terms of the mortgage which called for repayment of R190 637 per month. “Our client can only afford this amount in the interim,” Shivambu’s lawyers wrote on 27 February in a letter contained in liquidation court papers.
Although Brian’s lawyers give Musa’s surname as Shivambu, his surname is Shibambu according to company records. AmaBhungane hasWhen contacted by amaBhungane, Shibambu said he could not say what his relationship to Brian was as he was “travelling outside the country”. He did confirm that it was he who had helped Brian out.
This is when Shivambu’s fortunes radically improved. On the same day as the court order, his lawyers paid R1-million into the loan account. AmaBhungane asked both Shivambu and his attorney where this money suddenly came from, but neither responded. On 11 September, the night before the hearing was set to proceed, unknown parties paid another R340 000 into the loan account, leaving a debt of R1.3-million. This is what remains of debt Shivambu is personally liable for.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Manuel ‘determined’ to overturn Peter Moyo’s court victoryOld Mutual board chair Trevor Manuel says Judge Brian Mashile’s ruling is ‘bad in law’
Source: BDliveSA - 🏆 12. / 63 Read more »
True state of the nation is that inequality is root of all violenceForeign nationals not to blame for government that has stood by while unemployment and poverty dash hopes
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »