While many look up to him as an example of a self-made businessman attempting to build an empire from the ground up, South African entertainer and media personality DJ Sbu has admitted that all is not rosy, as he owes the taxman in that country millions.
The TS Records and Mofaya founder (real name Sbusiso Leope) made the confession in a video that is now circulating on social media.
In the video, Sbu was imparting wisdom on young entrepreneurs who have to live with the consequences of the decisions that they make in business.
As he dispensed advice, Sbu said he had not been spared from decisions that have dire consequences, some of which have landed him in heavy debt with the South African Revenue Authority (SARS).
“One is still recovering from all the difficulty one went through in COVID. I lost a business, I got into debt. Right now I’m sitting with my own tax issues… I owe SARS millions bruh,” Sbu said.
The media personality said he had decided to come out in the open about his own financial difficulties because he did not want to given young business people the wrong impression about entrepreneurship.
“I’m sharing my own testimony, so you can also understand that you’re not the only one going through the most.
“People who have invested in us… Owing people millions, what do you do? Other people kill themselves.” Telly Africa
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