Sunday Independent reports that the richest black woman in South Africa, Shawn Mkhize, lost her company, ZCMT, which was liquidated yesterday over failure to submit and pay taxes to the value of R204 Million.

Shawn Mkhize

Reacting to the judgement, in a matter that has been before the courts since 2016, Shawn said she was still studying the judgement and will not comment at present.

Shawn and her former husband, Sbu, built their empire from doing business with the eThekwini Municipality.

Shawn and Her Ex Husband, Sbu Mpisane

They also developed the most lucrative housing projects in KZN.

Shawn owns a luxurious Mansion in Durban North which has a showroom of luxury cars.

Shawn Mkhize Loves Cars

In 2013, cars worth R22 Million were seized by Investigators from the Mansion.

Cars that were seized include: Rolls Royce Phantom, Rolls Royce Ghost,  A Masserrati, A Ferrari Scaglietti, A Porsche Cayenne, Panamera Turbo and two amounted BMW X-Series.

Shawn Mkhize and He Family Have A Reality TV Show, KwamamMkhize

Please read the full story in today’s Sunday Independent – 18 October 2020.