Assets of businessman who flaunted wealth on social media frozen standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
The Pretoria division of the Gauteng High Court has confirmed a Section 163 (preservation) order granted to the South African Revenue Service (SARS) in September last year against luxury car-loving businessman Thabiso Hamilton Ndlovu and several companies that have been described by the presiding judge as “mere fronts”.
In a ruling emailed to the parties on Monday, the acting Deputy Judge President of the Gauteng division, Roland Sutherland, found that Ndlovu’s reasons for challenging the provisional order – including that he was busy sorting out his tax affairs when it was issued – had insufficient tread.
Sutherland said the argument that Ndlovu and his companies were “intent on paying what shall fall due” was “belied by the duration of the non-compliance” with SARS.
Thabiso Hamilton Ndlovu.
NATIONAL NEWS - The Pretoria high court has confirmed a Section 163 preservation order granted to the South African Revenue Service (Sars) in September 2020 against Johannesburg businessman Thabiso Hamilton Ndlovu and others.
Judge President of the Gauteng division Roland Sutherland on Monday said Ndlovu had no defence for his outstanding Sars bill and his reasons for challenging the provisional order were deficient.
According to Sutherland, Ndlovu caught Sars’ eye following his “spendthrift behaviour” when he bought five luxury cars in one go.
He bought one Lamborghini Urus, three Porsches and a Jeep for himself, the “kids”, his parents and his wife.
Hamilton Ndlovu: Tycoon hit by R36m SARS bill, due to online boasts thesouthafrican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesouthafrican.com Daily Mail and Mail on Sunday newspapers.