Bank guns for Gabadinho Mhango's R1.2m home

Player hopes to use his image right royalties to pay off the arrears he owes to the bank

- By Ngwako Malatji

Prolific goal scorer Gabadinho Mhango is on the verge of being dispossessed of his property by a bank after failing to service his bond.

The Malawian national and former Orlando Pirates striker, who now plies his trade with Marumo Gallants, has been served with a summons by Nedbank to pay over R1.2-million or be red-carded from his Joburg home.

Nedbank obtained the summons from the Joburg High Court, where it seeks an order to kick Mhango out of his home and sell it after the soccer star failed to keep up with his monthly bond repayment.

“Please take notice that Nedbank Limited intends to make application to this court for an order against the respondent for payment in the sum of R1 228 436.74.

“Payment of interest on the above amount at the rate of 12.60% per annum, calculated and capitalised monthly in accordance with the terms of the mortgage bond, from 1 June 2024 to date of payment,” reads the summons.

The bank also seeks an order to declare Mhango’s property in Joburg north executable and auction it to the highest bidder for R650000 or more.

“Authorising the registrar to issue a writ of attachment for the attachment of the respondent’s immovable property. That this court set a reserve price of R650000 for the first sale in execution,” read the papers.