Man details how he lost R150k after trying to help struggling friend

Man details how he lost R150k after trying to help struggling friend

South Africans were left with so many questions after a man detailed how he lost his saving and a R40 000 loan because he wanted to help a friend.

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On Monday, a man, who has been identified as Ndumiso Buthelezi, revealed that he was screwed over by someone close to him.

Buthelezi detailed in a social media post that a friend was having financial troubles and wanted to sell his house to him.

He agreed to buy the home for R150 000 but only had R112 000 - which he had saved up to buy a car. So, instead of low-balling his friend, Buthelezi took out a loan of R40 000.

"Last month someone I'm very close with, had financial crisis! He decided to sell the house to me at R150 000! I only had R112 000 bcs I was saving money to buy a car! Bcs he needed money urgently I took a R40 000 loan to pay him off! He got the money to sort out his life but now..." he started off the thread.

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Briefly.co.za learned Buthelezi revealed that after he paid over the money, he received a phonecall from the man's wife, informing him that they no longer want to sell the house and offered to repay his money - in instalments!

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The post left Mzansi with so many questions - the main one being why he gave the other person money without having a signed agreement as insurance.

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Source: Briefly.co.za

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