Assets of businessman who ‘flaunted wealth’ on social media frozen

Hamilton Ndlovu's cars [Photo: Courtesy]

Flamboyant Gauteng-based businessman Hamilton Ndlovu has been slapped with a Sh261 million (R36 million) bill by the South African Revenue Service (SARS). Ndlovu’s affairs caught SARS’ attention in May 2020 after he took to social media to flaunt three Porsches, a Jeep and a Lamborghini Urus he purchased at virtually one go, valued at about Sh80 million (R11million).

In a March 2 ruling, Pretoria High Court made final a provisional order SARS obtained in September 2020 against the CEO of Hamilton Holdings and five associated companies to freeze Sh44 million (R6 million) and seize the three Porsches; a Porsche 911 Carrera Cabrio, a Porsche Cayenne S Coupe and a Porsche Panamera GTS Sport.