It Continues To Pour For Sophie Ndaba As Bank Sells R2.2-million Mansion
Sophie Ndaba, the former Generations actress, just can’t seem to get a break.
The ailing actress, who has been suffering from diabetes for years, recently lost her posh R2.2 million mansion to the bank.
The Mercantile Bank sold the mansion after Sophie Ndaba failed to keep up with her monthly payments.
Following the actress’ financial struggles, the Mercantile Bank applied for and was granted judgement against her and her company, Sophla Trading.
According to the Sunday World, the judgement was granted two weeks back at the Joburg High Court.
Part of the judgement, which Judge Senyatsi handed down on September 7 reads,
“Having heard counsel and having considered the papers filed in the matter, the following order is made against the first and second respondents, jointly and severally, the one paying the other to be absolved.
“Payment in the amount of R1 089 588.08 [one million and eighty-nine thousand and five hundred and fifty-eight rands and eight cents] … Payment in the amount of R69 012.43 (sixty-nine thousand and twelve rand and forty-three cents].”
According to the publication, Ndaba and her company, Sophla Trading, obtained an R2.2-million home loan from the bank on September 15, 2016 to purchase the house.
Sophie was supposed to pay R22 347 in monthly instalments for 240 (20 years) months as part of the loan terms.
Unfortunately, the former Generations and Isidingo actress failed to honour the loan terms due to a change in circumstances. She was more than R80,000 in arrears at the time she defaulted.
After repeated attempts to get the actress to settle the arrears, the Mercantile Bank applied to the High Court to be given an order to allow it to sell the house to recoup its funds.
“Notwithstanding demand lawfully made, the first and/or second defendants refused and/or neglected to make payment to the plaintiff in the sum of R2 254 545.85 together with accrued interest thereon at the rate of 10.5% per annum, calculated daily and compounded monthly in arrears from 1 January 2019 to date of payment,” read the court papers.
“Wherefore the plaintiff prays for judgment as follows: as against the first and second defendants, jointly and severally, the one paying the other to be absolved; payment of the sum of R2 254 545.85 at the rate 10.5% per annum calculated daily and compounded monthly in arrears from 1 January 2019 to date of payment, both date inclusive.
“Declaring that the immovable property registered in the first defendant’s name held by it under the titled deed … which correlated to … Featherbrook Estate, Krugersdorp, be declared specially and immediately executable.”
This order was granted, resulting in Sophie Ndaba’s house being sold.