David Kau, a well-known comedian and actor, is in a dispute with his bank. The bank wants him to pay back more than R1 million because the 43-year-old allegedly didn’t pay for his home in Kyalami, Johannesburg. FirstRand Bank’s recovery manager, Ashraf Rocker, filed a lawsuit in the Johannesburg High Court last month to get Kau to pay back a loan that was made in 2006.See the source image
City Press has learned that both parties will meet on Friday, based on a notice of set down from the court. In his affidavit, Rocker said that the application also called for an order for the seizure of Kau’s property as an option to pay a debt of R1 196 157, with interest. On or about May 20, 2019, the first respondent broke the terms of the agreement by not paying the monthly installments when they were due. The amount he owes is R275 847 because he kept not paying. As of January 25, 2022, he was and still is in arrears.Comedian
There were documents in court that said that the TV producer and creator of the Blacks Only Comedy Show had to pay R14 477 a month. Kau told City Press on Friday that his lawyer was in charge of the case because he had problems with the bank even before the Covid-19 pandemic.
Kau: I don’t know.
I don’t want to talk about it too soon. If I talk about it when the process is over, I will be able to. My lawyers are taking care of it. Papers say that if Kau doesn’t pay back the loan, the agreement also says that the loan can be canceled. “The bond, when read with the agreement, is the whole agreement between the first respondent and the applicant, and nothing else will be binding unless it is written and signed by both the applicant and the first respondent.”See the source image
To say it another way: “The applicant did what he was supposed to do in accordance with the agreement, and also gave and loaned money to the first respondent so that he became a debtor to the applicant.” Rocker’s affidavit says that the bank followed all of the rules in the National Credit Act and sent Kau a letter of demand before the court started hearing the case.
To say it another way: “The applicant owns the mortgage bond covering this home, which means that he has agreed to make sure the applicant pays the money he owes.” Through his own production company, Kau has made films like Blitz Patrollie, Taxi Ride, and Room Divider, as well as other movies.