SA bank threatens to seize Willard Katsande’s R2 million house

Former Zimbabwe Warriors skipper Willard Katsande is reportedly on the verge of losing his luxury R2 million house after failing to pay the monthly instalments due.

A report by the Daily Sun says attempts to repossess the house by SB Guarantee Company a subsidiary company of Standard Bank came after Katsande allegedly failed to “make regular payments in terms of the loan agreement and the bond.”

The matter was taken to court and it is also reported SB Guarantee “was granted a default judgment to repossess his house by the South Gauteng High Court on 3 February”.

“This is an unopposed application of default judgement and an order declaring the immovable property of the respondent executable.

“A confirmed source revealed that Willard Katsande’s debt amounted to R200 611, and has not paid his instalments for the last eight months,” the Daily Sun wrote.

“Since the issuing of summons, the arrears and the outstanding debt have escalated. One would realise that since the issuing of summons, the arrears and the outstanding debt have not been paid,” SB Guarantee Company told the court.

Speaking on the issue Katsande told the Daily Sun: “There was a technical problem with the app that led me to pay one bond twice and not pay the other. What happened is that I was paying one bond double.

“I made the first payment at the end of January and paid some money towards the arrears. I think everything is sorted,” he said.