Joburg entrepreneur keeps home after defaulting on business loan

sundayworld.co.za 5 h

South Africa

Joburg entrepreneur keeps home after defaulting on business loan — Sources: sundayworld.co.za

A Johannesburg businessman has been granted what may prove to be a reprieve after the Johannesburg High Court postponed an application by financial services firm Business Partners to seize his home following a default on business loan repayments. Business Partners Limited had advanced a R1.2-million loan to Nqobile Themba Ngwenya’s company, IPG Building Glass, in May 2024. As security for th

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Joburg entrepreneur keeps home after defaulting on business loan

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