The president’s eldest son – Andile Ramaphosa is reportedly being repossessed of his house and car for failing to keep up with his R1.8 million loan that he took from Standard Bank seven years ago.
Ramaphosa who was previously in the headlines for receiving R2 million from corruption was in court this past week.
Andile Ramaphosa faces being homeless after SA’s top bank circles him after he failed to up with his debt repayments. Details in the #SundayWorldZA tomorrow. pic.twitter.com/naXJASqZdT
— Sunday World (@SundayWorldZA) March 5, 2022
Entrepreneur Andile Ramaphosa – who is the son of current president Cyril Ramaphosa is about to lose his house and car!
The businessman was reportedly dragged to the Johannesburg High Court this week by Standard for failing to pay his R1.8 million loan that he obtained seven years ago.
Ramaphosa used his Edenburg home and his luxurious car as surety for the loan according to local publications.
The article adds that Standard Banks wants to auction off his home, his luxury saloon and his BMW 650i to pay what he owes.
The businessman agreed to pay R15 000 for 120 months (10 years).
“In breach of the medium-term loan agreement, the respondent failed to make payment of the installments due and as of 12 October 2021.”
“The respondent was accordingly indebted to the applicant in the amount of R1.491 452.98.”
He also received a loan of close to R1 million from the bank for his luxury BMW 650i.
Ramaphosa allegedly agreed to pay R13 400 per month for 72 months but defaulted and was R86 000 in areas.
Whatever Ramaphosa touches turns into ashes . The ANC failed to pay its staff for months. ANC fell below 50%mark lost key Metros. SAA gone. Denel failed to pay its staff. ANC secretary general suspended.ANC PECs around the country are being disbanded. All under Ramaphosa.
— Cry For Change (@Dumi18247646) March 5, 2022
@Scelosamantiman: “Not long ago Malema said he doubts that Ramaphosa and Patrice are real billionaires I think that makes sense now.”
@RangaClara: “Aowa these are lies, there is something huge going on and u are trying to distract us with this rubbish.”
@Mavuthel71: “Homeless but he is a billionaire president and uncle wealthy mxm.”
@Hayiboo: “Wow!🤔…so Zondo said nothing about Andile-BOSASA’s unholy relationship at the behest of his father, Cyril Ramaphosa.”
“Twitter called Zondo out, now a publicity stunt to portray Andile as bankrupt so that we forget that, just like Mantashe he received BOSASA ‘corrupt’ money🙄Mxm!”
I also immediately thought of this video. Meaning the whole family is broke mos. Why would you let your Son or nephew drown in debt while you are a Billionaire? 2022 is showing us a film. Insomi 🤞🏾
— Nontu2ko Xaba (@nontu2ko_xaba) March 5, 2022
He doesn’t have money ,he fails to help ANC workers
— Hlogi 🇿🇦 (@dungathecaptain) March 5, 2022
ANC is not his personal responsibility. Remember not all employees there are his favorites. Imagine him using his own money to pay Carl
— King Patri (The Real McCoy) 👑🇿🇦 (@Sir_Patri) March 5, 2022
In other news – #Kuku trends again as another woman drops hers – Twitter reacts
#Kuku is back again on trending as another woman shares photos of her package and it has left a lot of social media comparing hers with that of the first lady who posted hers at the beginning of the year, 2022 which broke the internet due to its cleanliness.
We are sure wherever this woman is, she is regretting posting such as her package gets mocked and called ugly. News365.co.za published about a Xhosa lady who stole the spotlight after leaking her clean goodies online and she topped the trend list for a couple of days as men and also women, praised her. Learn More
