Bank takes Mandela grandson to court
Updated | By Neo Leeuw
Investec Bank has taken former president Nelson Mandela's grandson Zondwa Mandela to court after he allegedly failed to pay instalments on a car loan and credit card account, The Times reported on Friday.
![zonda mandela.jpg](https://turntable.kagiso.io/images/zonda_mandela.width-800.jpg)
Investec Bank has taken former president Nelson Mandela's grandson Zondwa Mandela to court after he allegedly failed to pay instalments on a car loan and credit card account, The Times reported on Friday.
The bank instituted proceedings against Mandela in June 2011 and in October that year obtained a court order for the return of the black Mercedes S320 CDI, and all credit cards it had issued to him.
Papers filed in the Johannesburg High Court said Mandela stopped paying the monthly instalment of R14,618 for the R700,000 car loan and nearly R20,000 on his credit card account.
The bank was demanding payment of R448,247 for the car at a daily interest rate of 8.25 percent from May.
The case was in court on Wednesday, but was postponed to give Mandela time to file answering affidavits, which were overdue, the newspaper reported.
-Sapa
Show's Stories
-
Mom interviews her one-year-old, hilarity ensues
This is precisely the video you want to watch if you are feeling down...
The Workzone with Elana Afrika-Bredenkamp 23 hours ago -
Don't do this when taking your driver's test
Sometimes, the nerves can get to you, so be calm...
The Workzone with Alex Jay 23 hours ago