South African property tycoon Roux Shabangu is now officially bankrupt
Billionaires Africa | 31.05.2026 23:58
For fifteen years, Roux Shabangu lived well. He drove expensive cars, maintained what courts described as a lavish and luxurious lifestyle, and kept the taxman at bay through a combination of trust structures, legal delays and what the Gauteng High Court eventually called a corporate veil that SARS was determined to pierce. This week, News24 confirmed that SARS has finally succeeded. The final sequestration of Shabangu's personal estate, with a tax debt topping R221 million, has been granted. The man who once built a property empire on a controversial R520 million ($32 million) police lease is, in the formal legal sense of the word, bankrupt.
