Celebrities’ financial difficulties have dominated news stories for the past few months. The comedian David Kau is the most recent famous person to reportedly be in danger of losing his house. David Kau allegedly owes FNB more than R1 million because he allegedly took out a loan to buy his Johannesburg home.
The high court in Johannesburg reportedly authorized the auction of his home after he failed to pay back a loan. David is legally obligated to the applicant for the sum of R1 662 198 and the additional R333 000 concerning the mortgaged bond. David Kau allegedly defaulted on the house loan last year and now owes R275 000 in late fees. The loan was supposed to be repaid in R14,000 monthly instalments.
Celebrities’ financial difficulties have been prevalent, particularly in recent months. Some of these people are solution-oriented problem solvers who serve as an inspiration to their families. Prince Kaybee even expressed his sorrow over the situation, gave creatives advice on how they can help themselves, and claimed to have spent the previous two days reflecting on recent media stories about artists’ belongings being seized. David is making an effort to keep his house.
In addition, Prince Kaybee said that artists should save money and that his heart goes out to anyone who has faced public humiliation for poor financial choices, and he is wishing they would get back up and continue to excel in their respective fields. DJ Clock’s also recently almost lost his home. He begged a publication to help spread the word because he needed help from the government. He requested that Daily Sun write a story about it so that people could donate to help him pay the money he owes. He added that covid is the reason why artists are suffering.
Celebrities who requested assistance and were granted it are now jubilant. Zahara was the first, owing money to Nedbank and in danger of losing her home. She repeatedly denied these allegations and then begged people. She was able to settle her debt when people recovered. She spoke publicly about her impending home loss a month ago and requested donations to help her raise the R350 000 required by the bank. She opened up and discussed her financial issues to demonstrate that she was in charge of her life in the future. She expressed her gratitude for the money gifts from her fans.
Dr Malinga went to the Podcast and Chill to vent about his debts after realizing he was in a tight spot. He owed SARS R500 000 but was able to pay R100 000 within days, thanks to contributions from various celebrities and fans on Twitter. David Kau hasn’t yet asked any of his fans for money, but South Africans know how it will turn out.
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