3 months ago
R1.8M DEBT SHAKES MASHABA!
Ephraim ‘Shakes’ Mashaba. Photo: Leon Sadiki  ~ 

SHAKES MASHABA lost his job as Bafana Bafana coach. 

He fought gallantly to be reinstated, but failed . . . 

AND NOW THE REPO MAN WANTS HIS MERCEDES!

Shakes was taken to court by BMW Financial Services.

According to court papers seen by the SunTeam, he allegedly defaulted on his monthly instalments for a car he bought at the end of April last year.

He still owes nearly R1,8m.

The credit provider approached the South Gauteng High Court in a bid to shake some cash out of Shakes.

And the car as well – the money-lenders want the court to order Shakes to give back his Merc.

“In the event that the respondent does not return the vehicle, the sheriff is directed to remove the vehicle from wherever it may be found and return same to the applicant,” read the court papers.

The credit provider also asked the court to postpone an order on the question of the damages suffered by the applicant sine die until the return of the vehicle to the applicant.

Shakes was given five days to notify the credit provider’s lawyers that he would fight the application.

But he failed to do so, according to court papers.

The documents read, in part: “The applicant seeks an order in terms of the following: The return of a 2014 Mercedes-Benz CLS 63 AMG S motor vehicle.”

According to BMW Financial Services, a sheriff was sent several times to Shakes’s address to leave the letter of demand, but found no one at the given residential address.

“The respondent has not responded to notices. The respondent has furthermore failed to surrender the vehicle to the applicant,” the credit provider claimed. 

BMW Financial Services Asset and Loss Recovery’s manager Bavika Chhotalal said: in an affidavit that Shakes owes in the region of R1,8m.According to Chhotalal, the car was sold to Shakes for R1,9m including interest.

“The purchase price of the car was payable by the respondent to the applicant by the way of 59 equal monthly instalments of R22 870, commencing on 3 June 2016 and on the same day of every consecutive month thereafter and one final instalment of R515 656.94, commencing on 3 May 2021.”

Said Chhotalal: “The applicant has cancelled the agreement between it and the respondent. The respondent has no right to remain in possession of the vehicle, nor to continue using it.” 

The credit provider also asked the court to order Shakes to pay legal costs.

According to Chhotalal, he was in arrears of more than R118 116.12 at the time they approached the court on 25 May.

“The balance outstanding is R1,718 243.31,” said Chhotalal.

Shakes could not be reached for comment. 

His lawyer, Cladio Bolo, said they know about the case.

“But I’m not willing to go into details and discuss it, because it will be heard in court soon,” he said.

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