Prince Kaybee is about to lose everything

Prince Kaybee is about to lose everything

Famed South African DJ and beat master, Prince Kaybee, known for his chart-topping tracks and electrifying performances, is currently entangled in a financial crisis. Balancing tracks may come naturally to him, but balancing the books has proven to be a significant challenge.

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According to reports by ZiMoja, the hitmaker, whose real name is Kabelo Motsamai, owes the South African Revenue Service (SARS) over R2 million, a debt that has accumulated over the past year. Documents seen by ZiMoja reveal that the 35-year-old artist has been issued a letter of demand, giving him 10 business days to settle the debt or make arrangements to pay in installments if he is unable to pay the full amount upfront.

Failure to address this financial obligation could lead to severe consequences for the DJ. If the full payment is not made or an arrangement is not reached within the given timeframe, SARS may appoint a third party to settle the debt. Additionally, the sheriff of the court could repossess and sell his assets to cover the outstanding amount.

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This situation puts Prince Kaybee in a precarious position, highlighting the importance of financial management even for those who have achieved substantial success in the entertainment industry. As fans and the industry watch closely, it remains to be seen how the Gugulethu hitmaker will navigate this challenging period and resolve his tax issues.

Prince Kaybee’s predicament serves as a stark reminder of the financial responsibilities that come with fame and success, underscoring the need for artists to manage their finances as meticulously as they do their creative endeavors.