R25 Million Shocks: Court Makes Major Move Against Mkhize and Zikhulise Group Over Tax Debts

South African businesswoman Shauwn Mkhize has suffered another legal setback after the High Court in Durban authorised the sale of five luxury residential properties linked to her and her family in Sandown, Johannesburg.

The properties are estimated to generate approximately R25 million, with the proceeds potentially playing a role in efforts to recover outstanding tax debts owed to the South African Revenue Service (SARS).

The ruling was delivered on Monday, 26 October 2026, following an application by SARS to convert the properties into cash while they remain under preservation.

The court heard that maintaining the properties had become increasingly expensive, with mounting municipal charges, security expenses, insurance costs and maintenance concerns threatening to reduce their value.

Judge Jacqueline Henriques authorised curator bonis Willem Jacobus Venter to proceed with the sale. However, the ruling does not mean that the estimated R25 million can immediately be handed to SARS.

Instead, the full proceeds must be held in an interest-bearing trust account, subject to provisions concerning any outstanding purchase consideration owed to the seller of the properties.

SARS has been given one month from the date of the order to institute further legal proceedings seeking permission to execute against the properties or their cash proceeds to settle the outstanding tax liabilities.

According to information presented in court, Mkhize had a personal income tax debt of approximately R13.3 million as of September 2025. She was also held personally liable for the Zikhulise Group’s tax indebtedness, which stood at approximately R112.5 million, including interest.

Together, the liabilities amounted to approximately R125.9 million at that time.

The latest ruling forms part of a wider legal process aimed at preserving assets while SARS pursues the recovery of unpaid taxes. The properties are connected to Mkhize, although some are registered in the names of companies and another individual.

The court’s decision focused on allowing the properties to be sold before their value deteriorates further. Whether the proceeds can ultimately be applied towards the tax debts will be determined through the separate legal action.

The outcome represents a significant development in the ongoing dispute between SARS and parties linked to Mkhize and the Zikhulise Group.

For now, the estimated R25 million remains subject to the court’s directions and further proceedings, leaving the final use of the money dependent on the outcome of the next legal stage.

Source:https://x.com/TimesLIVE/status/2114765946157982057

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