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Showing posts from August, 2023

DJ Sbu’s Massiv Metro radio station faces liquidation for failing to pay R3 million loan

TRENDING NEWS| DJ Sbu's Massiv Metro faces liquidation for failing to pay it's debts BY THABO FEZA A digital radio station founded by media personality and businessman Sbusiso “DJ Sbu” Leope is facing the prospect of liquidation after failing to pay its debts. A Joburg-based company, Business Partners Leadership (BPL), has obtained a default judgment against Massiv Metro for failing to pay it at least R4-million.  BPL is now applying for another default judgment against Leadership Twenty-20, a company founded by DJ Sbu, after it acted as security for the bad loan granted to Massiv Metro. According to the papers, which are in our possession, Massiv Metro, represented by one Tyrone Willemse, entered into a written agreement in which BPL advanced a R3-million loan to the digital station on March 27, 2018. The station was required to pay back the loan in R100 000 instalments for 36 months from September 1, 2019. The station also entered into an agreement with BPL to pay it 2% of it...

DJ Sumbody’s partner took out R15m life cover on artist

TR ENDING NEWS | DJ Sumbody’s business partner Kagiso Setsetse took a R15-million life cover policy from Momentum a year before he was killed execution style in Joburg last year. BY GUGU JANUARY  DJ Sumbody’s business partner Kagiso Setsetse took a R15-million life cover policy from Momentum a year before he was killed execution style in Joburg last year. But the staggering amount was not paid out by the insurance company because the detectives investigating Sumbody’s untimely death “froze” the payment until they could obtain a statement from Setsetse. The chilling tidbits were revealed by alleged 28s gang boss and Cape Town businessman Ralph Stanfield in an exclusive interview with Sunday World this week. Stanfied said during Ayepyep’s renovation, Setsetse and Sumbody were threatened by unknown gangsters who told them that they were not allowed to operate their business unless they paid a protection fee to two notorious underworld bosses. The duo approached his mutual friend and i...

Amakipkip clothing brand apologises to Forbes and Megacy for monetizing on AKA's death

  TRENDING NEWS| BY NANCY PELE Local clothing brand Amakipkip will remove late rapper AKA’s merchandise from its stores and issue an apology to his family. The T-shirts, which were posted on Amakipkip’s social media pages, were also advertised for R600 at its Pretoria store. SiyaTrenda understands that the representatives from Amakipkip were locked in a meeting with the rapper’s family. His lawyer Rudolph Baloyi of Rudolph Baloyi Inc said: “The meeting is still under way. They have agreed to apologise and remove the merchandise.” Baloyi said a public statement will be issued later in the day. The brand also received criticism from AKA’s brother Stephan and the late rapper’s girlfriend Nadia Nakai. Nakai wrote on her social media that the brand is acting like parasites. “We as The Megacy do not approve or condone Amakipkip’s recent behaviour of thieving from AKA’s death,” wrote Nakai. “We have it on good accord that even the family was never approached about Amakipkip’s merch produc...