Nedbank set to take Zahara townhouse away from him over failure to repay R1.9m loan

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Reports reaching Kossyderrickent indicate that Nedbank is set to take over Zahara’s townhouse due to its inability to repay a R1.9 million loan. (Read more here).

After having awards stolen from her townhouse in a recent burglary, Afropop sensation Zahara, whose first name is Bulelwa Mkutukana, faces another hurdle as creditors of the Roodepoort residence, on the west of Johannesburg, could put it up for auction on May 7.

The publication reports that it is at odds with Nedbank over struggling to repay a R1.9 million loan.

The bank filed for eviction on April 6, 2018 and also forced the Loliwe singer to pay the amount or risk losing her home.

“On or about July 25, 2012 and in Johannesburg, the plaintiff, duly represented, and the defendant entered into a written loan agreement, subject to the terms and conditions contained in the loan agreement. The plaintiff agreed to lend to the defendant, who agreed to borrow from the plaintiff, the sum of R1.9 million as security for the property [address withheld].”

“The loan would be advanced to the defendant or on behalf of the defendant, upon registration of the mortgage surety and subject to the defendant’s compliance with the terms and conditions of the loan agreement,” the statement said.

The information reads:

“Award-winning singer-songwriter Zahara, who opened a theft case after her awards were stolen, now has to deal with the bank who allegedly wants her house auctioned off. @city_press reported that Zahara n is no longer able to track payments.

We are appealing to South Africans to help the musician, Zahara is not just a singer, she is an award-winning musician who has done so much for the entertainment industry in this country, an anonymous person says on the DM. Arts and culture should step in, says another fan. And @samromusic what is their job? Don’t they collect artists’ money? says another angry fan who wants to know what SAMRO does with artists’ money?”

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