A bitter fight over the estate of the late DJ Sumbody has broken out between his mother and his business partner Kagiso Setsetse.
Sunday World can exclusively reveal Setsetse has unleashed cops on DJ Sumbody’s mother, who was forcefully removed from the nightclub, Ayepyep in Pretoria, which he co-owned with the slain musician.
This, a lawyers’ letter stated, after DJ Sumbody’s mother “unlawfully” instructed employees to hand over equipment, including speed point bank card terminals. The explosive details are contained in a letter written by Setsetse’s lawyers, Fluxmans Attorneys, earlier this year, in which they warned the artist’s mother, Maputo Violet Sefoka, who has been appointed the executrix of the singer’s estate, to refrain from entering the Ayepyep premises without permission.
In the letter, which we have seen, Setsetse said he had written letters to DJ Sumbody’s mother, asking her to send documentation, including the musician’s death certificate, proving she has been appointed as the executrix of the estate.
“The deceased and Mr Setsetse were the only shareholders and directors of the company. Subsequent to the passing of Mr Sefoka, Mr Setsetse is the only director and authorised representative of the company.”
Setsetse and Sefoka entered a written shareholders agreement on 20 October 2017.
“According to the shareholders agreement, should one of the shareholders die, the executor of the estate shall be deemed to have offered the deceased shares to the existing shareholder at a fair value.
“The remaining shareholder shall be entitled, within a period of 15 business days, following the presentation in writing of the independent auditor’s valuation, of the deceased shareholders shares. Whenever the fair value of a share is required to be determined, the shareholders shall attempt to agree to such value in writing.”
For the latest entertainment news from Sunday World, click here.
Or read the latest from Shwashwi here.
Follow @SundayWorldZA on Twitter and @sundayworldza on Instagram, or like our Facebook Page, Sunday World, by clicking here for the latest breaking news in South Africa.
