Entertainment

Bank moves to repossess Sophie Ndaba-Lichaba’s property

Soapie star actress and businesswoman Sophie Ndaba-Lichaba has found herself in a tight position as she battles to save her businesses from the effects of the pandemic.

The actress, who has lost weight as she battles diabetes is set to lose her truck after the bank that financed her company tries to recover a debt.

Savanna News understands that Ndaba-Lichaba uses the truck to transport events equipment for her events management company called Sophia Trading (PTY) Ltd.

The legendary actress purchased a Hyundai Mighty workhorse for her company, according to the court papers which also released that he has an unsettled debt to the tune of R685 000, by means of surety for the principal loan which was given to the enterprise in February 2015.

One of the documents seen by Savanna News read, “The principal debt would be financed at a vehicle interest rate of 13,75% linked by a margin of 4.5%.

“The total collectable amount would be payable by the first respondent to the applicant in 72 instalments as follows: First instalments in the amount of R9 742.43 on 07 April 2015, 70 monthly instalments in the amount of R9 514.43 commencing on 07 May 2015. The final instalment in the amount of R9 514.43 on 07 March 2021.

‘The vehicle purchased with the loan belongs to the applicant until the first respondent has settled all the financial obligations towards the applicant. Provided the first respondent is not in default, the first respondent is entitled to possession and use of the vehicle.

‘When the first respondent has settled all its financial obligations to the applicant, the applicant will transfer ownership of the vehicle to the first respondent.”

The bank is pushing for an order that forces Sophie to return the Hyundai Workhorse truck.

“I hereby request that the applicant is granted leave to approach the above Honourable Court on the same papers, but duly supplemented, to claim any amount which may be outstanding subsequent to the sale of the vehicle.

‘When the first respondent has settled all its financial obligations to the applicant, the applicant will transfer ownership of the vehicle to the first respondent.”

The bank also seeks the court to grant an order to compel Sophie to return the truck.

“I hereby request that the applicant is granted leave to approach the above Honourable Court on the same papers, but duly supplemented, to claim any amount which may be outstanding subsequent to the sale of the vehicle.

hyundai mighty workhorse
Hyundai Mighty Workhorse

TThe bank revealed that Sophie has ignored their demands to return the vehicle to them following her failure to settle the debt.

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