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Sophie Ndaba-Lichaba set to lose her truck after financing bank plans to recover debts

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South African actress and businesswoman Sophie Ndba-Lichaba has found herself in a strong position as she struggles to save her business from the effects of the epidemic.

The actress, who lost weight in the fight against diabetes, intends to lose her truck after a bank that finances her company tries to repay a loan.

Ndaba-Lichaba transports event equipment is a truck transporting company which help her to its Sophia Trading (PTY) Ltd.

Former Generations actress Sophie Ndba-Lichaba confronts a fake repo man after her bank sent letters to the Jobs Supreme Court asking for a preliminary ruling to help them take the truck she uses for one of her businesses.

The famous actress bought a working truck of Hyundai Mighty for her company, according to the court documents she published, which owed the company in February 2015 as the main loan R685,000.

One of the documents states that “The principal debt would be financed at a vehicle interest rate of 13,75% linked by a margin of 4.5%.

“The total collectable amount would be payable by the first respondent to the applicant in 72 instalments as follows: First instalments in the amount of R9 742.43 on 07 April 2015, 70 monthly instalments in the amount of R9 514.43 commencing on 07 May 2015. The final instalment in the amount of R9 514.43 on 07 March 2021.

‘The vehicle purchased with the loan belongs to the applicant until the first respondent has settled all the financial obligations towards the applicant. Provided the first respondent is not in default, the first respondent is entitled to possession and use of the vehicle.

‘When the first respondent has settled all its financial obligations to the applicant, the applicant will transfer ownership of the vehicle to the first respondent.”

The bank is pushing for an order that forces Sophie to return the Hyundai Workhorse truck.

“I hereby request that the applicant is granted leave to approach the above Honourable Court on the same papers, but duly supplemented, to claim any amount which may be outstanding subsequent to the sale of the vehicle.

‘When the first respondent has settled all its financial obligations to the applicant, the applicant will transfer ownership of the vehicle to the first respondent.”

The bank also seeks the court to grant an order to compel Sophie to return the truck.

“I hereby request that the applicant is granted leave to approach the above Honourable Court on the same papers, but duly supplemented, to claim any amount which may be outstanding subsequent to the sale of the vehicle.

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