MaMkhize: How her debt climbed from R12M to R49M
Shauwn MaMkhize, the flamboyant owner of Royal AM, owes a former Kaizer Chiefs star a lot of money on top of her SARS bill.
Royal AM owner MaMkhize is in hot water with SARS and her newest tax bill is now added to another massive debt still owing. She owes former Kaizer Chiefs striker Samir Nurkovic a lot of cash.
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ROYAL AM STILL OWES EX-KAIZER CHIEFS STAR NURKOVIC
Royal AM have yet to settle their R12 million debt to former striker Samir Nurkovic. According to SABC Sport, the Pietermaritzburg-based outfit was ordered to pay the former Kaizer Chiefs striker a two-year contract in full by FIFA to him and his lawyers, with interest accrued included.
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Nurkovic moved to Royal AM on a free transfer last year. However, the club terminated his contract after just three months. According to reports, the experienced Serbian wasn’t paid a cent during his time there. This debt bow gets added to a massive tax bill from SARS which we’ll cover in the next section of this article.
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MAMKHIZE MUST PAY R37 MILLION TAX BILL
The High Court of South Africa on Monday, 16 October demanded she cough up her debts to SARS.
It is understood the Thwihli Thwahla owner had unpaid taxes due to the nation’s tax collecting authority. The Warrant of Execution from the High Court further directed the sheriff of the court “to attach and remove the movable property of the Royal AM”.
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“The Execution Creditor / Plaintiff [SARS] obtained judgment on 16 October 2023 against the Execution / Defendant [Royal AM] for:
“1. The payment of the sum of R37, 915, 549.77 [Thirty-seven million nine hundred and fifteen thousand five hundred and forty-nine rand and seventy-seven cents].
“2. Interest on the sum claimed in paragraph 1 at the applicable rate per annum from 1 November 2023 to the date of payment, the said rate[s] of interest and the date from which such interest is payable having been determined by the Execution Creditor / Plaintiff [SARS],” the Warrant of Execution reads as seen by FARPost.
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