MaMkhize loves the high life. Images from Instagram@kwa_mamkhize
LOL: Royal AM boss MaMkhize in deep trouble with SARS
Shauwn MaMkhize, the flamboyant owner of Royal AM, has been slapped with a hefty fine by SARS. Read more about it here.
MaMkhize loves the high life. Images from Instagram@kwa_mamkhize
The owner of PSL club Royal AM, Shauwn MaMkhize Mkhize faces an enormous R37 million tax bill from the South African Revenue Service (SARS).
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MAMKHIZE MUST PAY R37 MILLION TAX BILL
The High Court of South Africa on Monday, 16 October demanded she cough up her debts to SARS.
It is understood the Thwihli Thwahla owner had unpaid taxes due to the nation’s tax collecting authority. The Warrant of Execution from the High Court further directed the sheriff of the court “to attach and remove the movable property of the Royal AM”.
“The Execution Creditor / Plaintiff [SARS] obtained judgment on 16 October 2023 against the Execution / Defendant [Royal AM] for:
“1. The payment of the sum of R37, 915, 549.77 [Thirty-seven million nine hundred and fifteen thousand five hundred and forty-nine rand and seventy-seven cents].
“2. Interest on the sum claimed in paragraph 1 at the applicable rate per annum from 1 November 2023 to date of payment, the said rate[s] of interest and date from which such interest is payable having been determined by the Execution Creditor / Plaintiff [SARS],” the Warrant of Execution reads as seen by FARPost.
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ROYAL AM still owes Samir Nurkovic a lot of money
Royal AM have yet to settle their R12 million debt to former striker Samir Nurkovic. According to SABC Sport, the Pietermaritzburg-based outfit was ordered to pay the former Kaizer Chiefs striker a two-year contract in full by FIFA to him and his lawyers, with interest accrued included.
Nurkovic moved to Royal AM on a free transfer last year. However, the club terminated his contract after just three months. According to reports, the experienced Serbian wasn’t paid a cent during his time there.
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Meanwhile, hit up James Freemantle for more insights, analysis and love for the beautiful game
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