SARS waited for her to gain some weight so they can finish her, Sophie Ndaba WaBantu

Sophie Ndaba’s Tax Troubles: Facing Alleged Tax Evasion Charges

Taxman’s Pursuit: Sophie Owes SARS R23 Million

Local actress and entrepreneur, Sophie Ndaba, is currently facing significant tax evasion charges, with the South African Revenue Service (SARS) demanding a hefty R23 million in unpaid tax returns. This predicament comes after two notices from SARS, urging her to settle her outstanding tax debt.

Sophla Trading Under Scrutiny: Unpaid Tax Bill Linked to Sophie’s Company

The substantial sum allegedly owed to SARS is tied to Sophie’s company, Sophla Trading. Despite a previous summons being issued, Sophie’s failure to comply has prompted SARS to send a follow-up notice, escalating the situation.

Public Perplexity: How Did Sophie Accumulate Such a Debt?

The news of Sophie Ndaba’s staggering tax debt has left many South Africans baffled, considering her well-documented financial struggles and personal challenges. This revelation has sparked a debate about the need for simplified taxation processes for all citizens.

Sophie Ndaba’s Sumptuous Home Sold: Bond Servicing Failure

Sophie Ndaba Lichaba, the former Generations actress, faced the loss of her luxurious home, valued at over R2.2 million, purchased in October 2021.

Legal Documents Unveil Loan Agreement: Arrears and Contract Breach

Official court documents shed light on Sophie and her company, Sophie Trading, being identified as the primary debtors in a R2.2 million home loan agreement. This contract stipulated that Sophie should make monthly payments of R22,347 over 240 months.

Bond Repayment Failures: Legal Notices and Contract Cancellation

Unfortunately, Sophie found herself in arrears exceeding R80,000. The bank, with the aid of their legal team, sent multiple letters to Sophie, notifying her of the contract breach. Despite these warnings, Sophie failed to settle her arrears, leading the bank to formally cancel their agreement with her.

House Auction Ordered: Bank Seeks Debt Recovery

With Sophie’s non-compliance, Mercantile Bank sought a court order to sell the house in an attempt to recover their outstanding funds.

Sophie’s Silence Continues: Cryptic Instagram Post

As the legal and financial turmoil unfolds, Sophie Ndaba has remained tight-lipped. However, she posted a cryptic message on her Instagram story this morning, saying, “Happy Friday, waesteba #Nothinglefttoloose? That’s me moving to my promiseland.”

IN OTHER NEWS: Top Ten Companies/Banks Offering Loans to Individuals in South Africa

Johannesburg, South Africa – November 8, 2023

In South Africa, individuals often turn to banks and financial institutions for loans to meet their diverse financial needs. Whether it’s for buying a home, funding education, or starting a business, there are several banks and companies providing loan options to residents.

Here are the top ten companies and banks offering loans to individuals in South Africa, along with approximate loan amounts available:

1. Standard Bank

Loan Amount: Up to ZAR 1,000,000
Standard Bank is one of South Africa’s largest financial institutions, offering various loan products, including personal loans, home loans, and vehicle finance.

2. Absa Bank

Loan Amount: Up to ZAR 350,000
Absa Bank provides personal loans to meet various financial needs, with competitive interest rates and flexible repayment terms.

3. Nedbank

Loan Amount: Up to ZAR 200,000
Nedbank offers personal loans and home loans, with options to tailor repayment terms to suit individual circumstances.

4. Capitec Bank

Loan Amount: Up to ZAR 250,000
Capitec Bank is known for its accessible personal loans and simplified application processes.

5. FNB (First National Bank)

Loan Amount: Up to ZAR 300,000
FNB offers personal loans, home loans, and vehicle finance, with a wide range of products to choose from.

6. African Bank

Loan Amount: Up to ZAR 250,000
African Bank specializes in unsecured personal loans with competitive interest rates and flexible repayment options.

7. Old Mutual

Loan Amount: Up to ZAR 200,000
Old Mutual provides personal loans, insurance, and other financial services, catering to a wide range of needs.

8. DirectAxis

Loan Amount: Up to ZAR 300,000
DirectAxis is a dedicated personal loans provider, offering quick and convenient financial solutions.

9. Loan Finder SA

Loan Amount: Up to ZAR 150,000
Loan Finder SA is a loan comparison platform, helping individuals find loans suited to their needs from various lenders.

10. Bayport Financial Services

Loan Amount: Up to ZAR 250,000
Bayport Financial Services offers personal loans and financial solutions, with a focus on helping clients achieve their financial goals.

It’s important to note that the loan amounts mentioned here are approximate and may vary based on factors such as creditworthiness, income, and the specific terms of the loan agreement. Individuals seeking loans in South Africa should carefully compare the offerings of these institutions, taking into account interest rates, repayment terms, and eligibility criteria to make an informed decision that aligns with their financial objectives.