Former Kaizer Chiefs and SuperSport United midfielder Reneilwe Letsholonyane might lose his lush R1 Million mansion house in Fourways after failed to pay Standard Bank on installments.
According to The South African, After missing his instalments, Kaizer Chiefs legend Reneilwe ‘Yeye’ Letsholonyane might lose his lush R1 million mansion in Fourways, Johannesburg.
The news has since thrust the former Bafana Bafana midfield maestro into the top trends, with many trying to connect the dots about his woes.
Reports have it that he has an outstanding balance of over R450 000. However, his municipal levies have ballooned to over R730 000.
Rumour has it that the amount owed is now more than the house’s market value, prompting the bank to turn to the courts.
However, the former Kaizer Chiefs star Letsholonyane has not addressed the news that has thrust him into top trends.
According to papers filed at the Johannesburg High Court, Standard Bank has applied for an execution order to recoup the debt.
Unconfirmed reports making the rounds online claim that the former Kaizer Chief legend has failed to table a payment plan to settle his debt.
The bank is reportedly seeking an order authorising the execution against the property.
According to the agreement, Letsholonyane was supposed to pay R72 197 monthly instalments to the bank, but he has not done so.
However, Letsholonyane has failed to keep up with the instalments that have ballooned to thousands.
It has also been reported that the bank has failed to find common ground with the star, who is always unavailable to discuss payment plans to settle the arrears.
Surprisingly, the former Kaizer Chiefs star is reportedly not staying at the lush mansion. Rumour mill has it that he has several properties dotted around the country.
