Roux Shabangu has lost another court battle. This time, his personal estate and family trust face sequestration orders. The estate and family trust have a combined tax debt of about R8.3m.
Property mogul Roux Shabangu "continues to enjoy ... a lavish and luxurious lifestyle" while not paying his tax obligations to the SA Revenue Service (SARS).
It remains "somewhat inexplicable" that Shabangu "has been able to finance and maintain such a lifestyle in circumstances where the source of his funds is unknown and undisclosed by him".
These arguments, advanced by SARS at the Gauteng High Court in Pretoria, helped the tax collection agency secure provisional sequestration orders against Shabangu's personal estate and the Roux Shabangu Family Trust.
Shabangu has until Monday, 25 November to convince the court why it shouldn't turn the provisional sequestration orders into final ones. This would pave the way for his assets to be sold and the proceeds from the sale used to pay his tax debt. It also portends a liquidation process of his assets and those linked to his trust.
The provisional sequestration orders, granted by the court on Tuesday, 15 October, state that Shabangu owed SARS R1.3-million and his family trust owed R7-million.
The tax debt might seem negligible considering that Shabangu was once linked to multimillion-rand state tenders. In 2011, Shabangu...