The beautiful Khanyi Mbau scandal, due to her inability to pay installments for her new car, was seized by the bank.

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The beautiful Khanyi Mbau scandal, due to her inability to pay installments for her new car, was seized by the bank.

Standard Bank has allegedly gotten the court’s approval to repossess media personality Khanyi Mbau’s two luxury sports cars after she did not continue with the monthly instalments.

The beautiful Khanyi Mbau scandal, due to her inability to pay installments for her new car, was seized by the bank.

The news first broke two months ago where the bank was still within the process of getting the 2 instalment sales agreements cancelled, and having Khanyi’s cars repossessed.

The coronavirus pandemic and therefore the lockdown which was a result of it proved its negative effects on the economy and ZAleb’s pockets once more.

According to City Press’s latest developments, Khanyi Mbau did not answer the court papers that were handed to her on time. The German cars in question are a 2015 Porsche 912 Carrera and a 2014 Mercedes-Benz ML 63 AMG.

“Take note that the applicant intends to form application to the above honourable court for an order within the following: confirming the cancellation of the subsequent instalment sale agreement, that the respondent shall immediately return the subsequent assets to the applicant; 2014 Mercedes-Benz ML 63 AMG with engine number… and 2015 Porsche 911 Carrera GTS PDK 911,” reads the notice of motion, as quoted by Sunday World a month ago.

Khanyi skilled the publications’ questions by saying she never received the court papers on time, hence missing the deadline to reply to them.

After allegedly missing two months’ worth of payment, her accounts are behind and with the court taking the bank’s side, she has got to fork over her cars. The actress and radio personality had advised the bank last month that she sold the Mercedes-Benz before receiving any court orders.

She was also confused by the bank eager to repossess her Porsche as she claims that she was just one month behind.

“I obviously don’t know why they couldn’t pick it up that I even have sold the car. I feel there’s a misunderstanding here. I will be able to ask them next week, because it’s already a weekend, to know why they need to do that,” she told the publication at the time.
The beautiful Khanyi Mbau scandal, due to her inability to pay installments for her new car, was seized by the bank.
The cars apparently cost R1.5 million each and therefore the reality star was allegedly paying approximately R28 000 for every car. it’s reported that Khanyi missed payments for 3 consecutive months ranging from March this year, but settled those fees.

Khanyi Mbau recently had to downgrade her home to a “smaller” all-white abode. She revealed this on her popular BET reality show, “Mbau Reloaded: Always Rise.”

The home appears to be spacious but not for Khanyi who called it a “downgrade” adding that her previous house was much bigger.