Punch in risk of los­ing house

Star strug­gled to main­tain R15 900 monthly payment

Sunday World - - Sunday Report - By Ngwako Malatji ng­wakom@sun­day­world.co.za

Vet­eran de­fender Punch Mase­namela is be­ing red carded by mort­gage com­pany Chang­ing Tides for al­legedly foul­ing them on his monthly bond re­pay­ments for his house.

Chang­ing Tides, a sub­sidiary of SA Home Loans, has ap­plied for a de­fault judg­ment against Mase­namela at the South Gaut­eng High Court in Johannesburg to at­tach his Brak­pan, East Rand house af­ter he al­legedly failed to keep up with its monthly re­pay­ment.

Ac­cord­ing to court pa­pers seen by Sun­day World, SA Home Loans granted Mase­namela more than R1.2m to pur­chase a 538 square-me­tre house in Son­n­eveld, Brak­pan in Novem­ber 2011.

The for­mer Kaizer Chiefs left-back was sup­posed to pay R15 923 per month.

But the 32-year-old player, who also turned out for Mamelodi Sun­downs, Polok­wane City and Baroka, al­legedly de­faulted on his in­stal­ments and was over 15 months in ar­rears when the com­pany took him to court ear­lier this year.

The player ig­nored the com­pany’s re­peated re­quests to clear his ar­rears, ac­cord­ing to court doc­u­ments.

He also al­legedly ig­nored sum­mons sent to him to set­tle the ar­rears. This forced the com­pany to ap­ply for an or­der to at­tach the prop­erty.

“At the time of is­su­ing sum­mons, re­spon­dent/de­fen­dant was in ar­rears with in­stal­ments in the amount of R112 391.68.

“Such ar­rears on 3rd July 2017 be­ing R216 517,22. The ar­rears ac­cu­mu­lated par­tially as a re­sult of spo­radic and or non­pay­ment of the in­stal­ment made by the re­spon­dent/de­fen­dant from 9th May 2012 to 3rd July 2017.

“The re­spon­dent/de­fen­dant’s monthly in­stal­ment is an amount of R15 923,01 and the last payment made by the re­spon­dent/de­fen­dant was on 3rd July 2017 in the amount of R15 000,”reads­doc­u­ments.

Mase­namela con­firmed that he had strug­gled to re­pay his bond. How­ever, he said he had made ar­range­ments to set­tle his ar­rears.

Leana Beumer of Velile Tinto & As­so­ciates, act­ing on be­half of Chang­ing Tides, said: “This is con­fi­den­tial in­for­ma­tion which we are not at lib­erty to dis­cuss.”

Punch Mase­namela

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