Eyadini owner parts with luxury whips: Cars weren't bringing in cash

Eyadini owner parts with luxury whips: Cars weren't bringing in cash

- Jabulani Nzama has auctioned off luxurious cars in order to pay his hefty debt at SARS

- The owner of Eyadini Lounge in Durban admitted to owing the taxman but says he voluntarily sold off his rides

- The businessman says that his pricey whips weren't bringing in any money so he opted to get rid of them instead

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!

Jabulani 'Mjay' Nzama has auctioned off his Rolls-Royce Phantom and Mercedes-Benz AMG GLE 63 to pay off some of his SARS bill.

City Press reports that the shisa nyama owner insists that he has made arrangements with SARS to reduce the amount owed to them by paying installments.

Declining to comment on the exact amount of 'millions' owed to the taxman, Nzama said that:

“Obviously selling my cars would help me pay my debts, including the money I owe to Sars. But my vision of selling these cars is big as I want to venture into other businesses, which I will disclose when the time is right.”

Rumours had surfaced that SARS had raided the KZN businessman's house, repossessing luxurious vehicles after he failed to make a payment, Briefly.co.za gathered.

READ ALSO: Business News: Xenophobia has Shoprite losing sales in other countries

Nzama has commented on the situation in order to clear the air, adamant that:

“This is fake news. My cars were not repossessed. I volunteered to put my cars on auction because I realised that they were not bringing in money, yet I was paying a fortune every month. This has nothing to do with owing SARS. If anyone would like to bid for these two cars, they can do so freely."

The 'meat king' has his suspicions as to who was behind the rumours, saying that his rivals were attempting to sabotage his business:

“The competition is tough in this business. I am the only one whose Instagram account has managed to reach 500K followers. I am aware that not everyone is going to be happy for me and the success of my business.”

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

Online view pixel