It seems like MaMkhize’s troubles never end.
The business mogul, known for owning Royal AM, is currently making headlines for her ongoing financial woes with the South African Revenue Service (SARS).
According to SARS, MaMkhize has a growing debt, now estimated at a staggering R40 million.
This comes on top of her already high-profile legal battles involving the club, including issues with former player Samir Nurkovic.
MaMkhize’s Legal and Financial Woes Continue to Pile Up
There are rumors circulating that MaMkhize is hesitant to settle her debt with SARS.
However, the situation isn’t just about taxes; her legal battles with her former player, Samir Nurkovic, are still very much in the spotlight.
Nurkovic, the SuperSport United striker, has spoken publicly about his ongoing legal battle with Royal AM, revealing that the club owes him over R15 million.
Despite the financial struggle, Nurkovic is staying focused on his career, with his legal team handling the case.
Samir Nurkovic’s Long-Running Dispute with Royal AM
The legal battle between Nurkovic and Royal AM has been ongoing for over a year.
Initially, the club owed him around R12 million, but due to accrued interest, that amount has now ballooned to more than R15 million.
In 2022, after his contract was terminated by the club, Nurkovic took the matter to FIFA, which ruled in his favor.
FIFA imposed a transfer ban on Royal AM and ordered the club to pay the full two-year contract.
However, the dispute is far from over, with the High Court’s recent ruling on MaMkhize’s debt seeing her financial troubles escalate even further.
SARS Debt Ballooning and Raid on MaMkhize’s Property
In the midst of this legal chaos, MaMkhize’s tax debt has become a focal point.
Earlier this year, a High Court order authorized a raid at her luxurious mansion in Durban as part of efforts to address her outstanding debts.
The South African tax authorities have been increasing their efforts to crack down on tax evasion and illegal financial activities, and this raid was seen as part of those broader initiatives.
As if that wasn’t enough, reports emerged that MaMkhize missed her second deadline to submit critical tax documents to SARS, further complicating her financial situation.
What Lies Ahead for Royal AM and MaMkhize?
As the drama unfolds, many are left wondering whether Royal AM will ever settle their debt with Samir Nurkovic.
The club, under increasing pressure from multiple fronts, continues to face legal and financial turmoil.
With MaMkhize’s debt now exceeding R40 million and her club under curator, the future remains uncertain for both the businesswoman and her football team.
Will she be able to resolve her issues, or will her financial struggles continue to escalate?
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