Brian Shivambu's Sgameka pays back the capital on VBS loans

businesslive.co.za

- businesslive.co.za | 3 months ago

The VBS Mutual Bank liquidator’s application against Brian Shivambu’s Sgameka has been postponed to allow the company to file another affidavit with the high court in Johannesburg.

This was after Sgameka unexpectedly paid back the capital amount on a loan and mortgage taken with the bank in 2017 and 2016, respectively. The company, however, still owes VBS the interest, and now has until Monday to file the affidavit.

VBS liquidators lodged the application in a bid to recover more than R4.

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