TV Presenters who are also businessmen, Lungile Radu and Thomas Gumede’s financial and legal woes go from bad to worse.
A bank has applied for a court order to auction a R20 million property belonging to the businessmen’s production company, Parental Advisory.
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Daily Sun can reveal that Capitec has filed papers in the Joburg High Court seeking an order to attach and sell the multi-million Rand Joburg property owned by Parental Advisory.
The lawsuit comes a few months after SARS threatened to attach the entity’s assets over unpaid R17 million tax bill.
According to court papers, Capitec’s legal manager in the Legal Recovery Department, Luqmaan Alli said the pair obtained a R2,7 million loan on or about 1 June 2023 on behalf of their production house.
Lungile and Thomas, cited as the second and third respondents respectively, signed suretyship agreements with the bank and used the production house’s property — cited as the first respondent — as collateral.
The bank also advanced an additional loan of more than R687 000 to the entity. The production house undertook to repay the loan in instalments of more than R62 000 per month over a period of five years.
Alli said in court papers that the pair breached the terms of their loan agreements.
“The account remains in arrears in the sum of R423 246.37 as at 19 August 2025. As of 19 August 2025, the first respondent is indebted to the applicant in the amount of R2 233 549.91,” he stated.
Alli further said Parental Advisory, represented by the duo, also opened a transactional account with the bank’s Benrose branch on 1 June 2023, which is now overdrawn.
“In breach of the terms of the agreement, the first respondent caused the account to be overdrawn in the sum of R62 223.73. As of 19 August 2025, the first respondent is indebted to the applicant in that amount,” read the papers.
Alli explained that after defaulting on repayments, the bank’s attorneys issued a letter of demand to Lungile and Thomas, urging them to settle the arrears and keep the account up to date. However, they failed to comply.
As a result, Capitec cancelled the facility and terminated the loan agreement, demanding payment of the full outstanding capital amount. The amount was not paid.
Alli said that due to the continued default, Capitec has approached the court for an order declaring the property specially executable.
“Accordingly, the applicant prays for an order that the said property be declared specially executable. An independent valuation of the property was conducted on or about 14 August 2025, yielding a market valuation of R20 700 000.00,” read the court papers.
Lungile acted surprised when Daily Sun asked him for comment.
“I don’t know what you are talking about, sir. Go back to your sources and verify your information,” he said, before cutting the SunTeam off.
Capitec lawyer Nico Georgiades said he is not at liberty to discuss the matter with the media.
“I am not at liberty to divulge any information in regard to any entity or individual in view of the Protection of Personal Information Act 4 of 2013, save to say that the summons referenced is a public document and the information contained therein is open for inspection by the public at large.
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“In addition, if the matter is proceeding and papers issued, the matter would be sub judice which would further limit my ability to discuss the matter,” he said.
