Sangqu butts heads with bank over his car debt

Noeleen Maholwana-Sangqu’s ex-husband, Andile Sangqu, is locked in a court battle with Standard Bank over the shortfall of a car the bank repossessed
and auctioned off.

The bank has applied for judgment against Sangqu, the director of Business Leadership South Africa, after he failed to pay over R140 318 for the shortfall of
the vehicle it repossessed from him.

According to the papers filed in the Joburg High Court, the bank obtained and repossessed the car from him on October 19 2015 and took it into its care
on June 21 2016.

It was sold on auction on July 2 2 2016 for R109 440 and the amount was credited to Sangqu’s account.

However, the amount received through the auction sale was less than the settlement value and Sangqu was liable to pay the R140 318 shortfall. But he failed to do so, hence the bank applied for judgment against him.

According to the papers, Sangqu bought a 2013 Citroen DS3 1.6 THP Sport 3DR car at a total amount of R339 797 through Standard Bank. Sangqu was to pay a monthly instalment of R6 292 for 54 months starting from July 26 2013, with the final installment payable on December 26 2017.

However, according to the papers, he breached his loan agreement with the bank when he failed to pay the instalments on time.

Lawyers representing Standard Bank, Stupel & Berman Incorporated, served summons to Sangqu’s legal team, Goitseona Pilane Attorneys Incorporated, on October 3 2018 and Sanqu’s lawyers applied to defend the matter on October 17 2018.

“Despite the above, the defendant has not responded to the notice, alternatively the defendant has responded to the notice by rejecting the plaintiff’s proposals
further alternatively by making a counter-proposal which is unacceptable to the plaintiff,” read the papers.

Sangqu was not available for comment at the time of going to press. He has not responded to the calls and questions sent to him.

Goitseona Pilane declined to comment, citing that he needed to get authorisation from his client.

By Meta Mphahlele
mphahlelema@156.38.205.90


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