Johannesburg – Former Kaizer Chiefs and Bafana Bafana defender Mulomowandau Mathoho has found himself on the wrong side of the law, as the Johannesburg High Court has granted Standard Bank a court order to repossess his 2019 Volkswagen Polo sedan. The order comes after Mathoho allegedly failed to keep up with his monthly instalments on the vehicle, leading the bank to pursue legal action to recover their asset.
According to court documents seen by Sunday World, Standard Bank sought relief from the court last year after Mathoho allegedly "dribbled" them with payments. Despite his alleged failure to meet his financial obligations, Mathoho reportedly did not surrender the vehicle to the bank, prompting further legal action.
The court registrar, after reviewing the matter, issued a warrant for delivery of goods to the deputy sheriff approximately two weeks ago. The warrant authorises the deputy sheriff to "attach, take into execution, and deliver to the plaintiff a certain: 2019 Volkswagen Polo Sedan GP 1.4 CL from the defendant at (address withheld), that the asset may be handed over to a duly authorised representative of the plaintiff and/or the sheriff of the high court, that the sheriff or duly authorised representative should be authorised to attach the asset wherever it may be found and place the plaintiff in possession thereof for which this shall be your warrant."
In its application for the repossession order, Standard Bank stated that Mathoho had received a loan of over R250,000 on or about February 6, 2019, to purchase the VW Polo. The total cost of the agreement, including interest, costs, and charges, amounted to R380,000. This effectively means that the vehicle cost Matholo R380,000 to acquire.
As per the agreement, the former Bloemfontein Celtic defender was obligated to make monthly instalments of over R5,000, with the final payment scheduled for the first of this month. The bank asserted that it would retain ownership of the vehicle until Mathoho had fully repaid all amounts owed, at which point ownership would be transferred to him.
However, the bank alleged that Mathoho failed to make the required payments under the agreement. "The defendant is in default of his obligations under the agreement and has been in default for a period of at least 20 business days since the date on which the default commenced," the court papers stated.
According to the documents, as of September 16, 2024, Mathoho's arrears amounted to R49,626. The bank claimed that it sent a letter to Mathoho on September 25 of the previous year, informing him of his failure to make the full monthly instalments due.
"The defendant was required to remedy his breach of the agreement by making payment of the arrears and all overdue amounts under the agreement to the plaintiff," the court papers read. The bank further stated that if Mathoho failed to remedy his breach and pay the arrears, it would be entitled to cancel the agreement and recover the full outstanding balance from the football star.
Despite the default notice, the bank claimed in the papers that Mathoho "failed, refused or neglected" to remedy the breach of the agreement. As a result of Mathoho's failure to rectify his breach, the bank asserted that it was entitled to cancel the agreement.
The bank stated that it had elected to cancel the agreement and claim the total of all amounts owed by the player. "As the plaintiff has lawfully cancelled the agreement, the defendant is now in unlawful possession of the goods. And in terms of the agreement, the plaintiff is entitled to return of the goods upon cancellation of the agreement."
