Absa Premiership

Former Pirates defender financial woes exposed

2016-08-10 19:41
Siyabonga Sangweni (Gallo Images)

Cape Town - Former Orlando Pirates defender Siyabonga Sangweni is reportedly facing financial problems after retiring at the end of last season.

A report says the 34-year-old had his BMW 4 Series repossessed from his rented Southgate townhouse in July.

He allegedly did not keep up with payments on the vehicle, and has since seen the car taken away from him.

Sunday World report that Sangweni fell behind on a R15 124 monthly installment. He was allegedly in arrears for over 10 months prior to the repossession.

In addition, the former Bafana Bafana international is also said to have fallen behind on payments related to another vehicle he purchased in 2012.

The one-time Bucs star was required to pay R16 866-a-month but was said to be over nine months in arrears.

The ex-player was also behind on a R12 776 monthly installment on another vehicle bought in 2011 through African Bank and Standard Bank Vehicle Finance.

Sangweni is reportedly R461 430 in arrears on this agreement. 

'Nsimbi' also face financial problems related to a R141 898 loan he took out with African Bank in 2013 - the retired star is said to have defaulted on a R4785 monthly instalment in May this year.

Nonetheless, the ex-defender explained why his BMW 4 Series was repossessed. He told Sunday World, "The car was involved in an accident and the insurance refused to pay. I stopped paying for it."

He added: "They took it back, but I will continue to pay the installment when I'm financially okay."

After his retirement, Sangweni was supposedly in line to receive a payment from the PSL's insurance policy protecting players from career-ending injury.

It's unknown whether he has received any payout on this policy at the time of writing.

Read more on:    orlando pirates  |  psl  |  siyabonga sangweni  |  soccer


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