Former Generations Actress Sophie Ndaba-Lichaba Loses A Car After Failing To Settle Debt. It never rain but pours for Mzansi’s legendary actress, Sophie Lichaba who has been battling illness in recent years – and now has got her car repossessed.

Former Generations Actress Sophie Ndaba-Lichaba Loses A Car

Papers from the high court indicate that the former Generations actress’s bank asked the court to repossess one of her cars, a Hyundai Mighty workhorse
Sophie had bought the car for her company, Sophla Tranding (PTY) Ltd.

But due to some money she owed her creditors, the bank filed papers at the high court asking to get repaid through holding one of her cars.

‌The former Generations actress Sophie owed her creditors more than R685 000 by means of surety for the principal debt which was given to her back in 2015.

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The principal debt would be financed at a vehicle interest rate of 13,75% linked by a margin of 4.5%.

The total collectable amount would be payable by the first respondent to the applicant in 72 instalments as follows: First instalments in the amount of R9 742.43 on 07
April 2015, 70 monthly instalments in the amount of R9 514.43 commencing on 07 May 2015. The final instalment in the amount of R9 514.43 on 07 March 2021.

The vehicle purchased with the loan belongs to the applicant until the first respondent has settled all the financial obligations towards the applicant. Provided the

first respondent is not in default, the first respondent is entitled to possession and use of the vehicle.

When the first respondent has settled all its financial obligations to the applicant, the applicant will transfer ownership of the vehicle to the first respondent,” part of the court documents reads.

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