Flamboyant Businessman Frank Buyanga Faces Jail Over US$172 204,30 Debt

South Africa based businessman, Frank Buyanga faces civil imprisonment over US$172 204,30 debt. Buyanga has since been taken to the High Court over the matter that emanated from a 2014 property dispute.

The Herald reports that Mr Patison Sithole has issued Buyanga with a summons for civil imprisonment after he failed to pay him over US$100 000 as ordered by High Court judge Justice Loice Matanda-Moyo on November 18, 2015. The summons reads:

You (Frank Buyanga) are called upon to pay the plaintiff (Patison Sithole) the sum of US$172 204,30, with interest thereon at the prescribed rate of 5% per annum from November 18, 2015 to the date of payment. You are required to pay this sum by virtue of a judgment obtained against you in the High Court at Harare on November 18, 2015, under which you were also ordered to pay the cost of that case, which amount is to be taxed.

If you fail to pay the sum specified above, you must appear before the High Court at Harare on June 12, 2019, at 10am, to explain why you have not paid it and to show cause why an order for your imprisonment should not be made on account of your failure to pay.

You should bring with you evidence of your financial position, and it will be in your own interest to give the court the evidence of your income from wages, salary or other earnings, and any other income you may receive from any other source, your expenses for yourself and any dependants and any other liabilities you may be subject.

More: The Herald


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.

Frank Buyanga

Frank Buyanga is a businessman who has been rated as one of the youngest millionaires in South Africa. He has claimed that he doesn't know exactly how many cars and businesses he owns. Read More About Frank Buyanga

Comments

Back to top

Write a Comment

Your email address will not be published.