Controversial self-proclaimed Prophet Shepherd Bushiri, his wife Mary and their company have failed in their bid to overturn a South Gauteng High Court in Johannesburg judgment, forcing them to repay a loan of over R203-million.
The fugitive couple and their company Shepherd Bushiri Investments, of which they are both directors and jointly held 80% on the shareholding, had tried to have the March 2020 judgment by acting Judge Livhuwani Vuma, which ordered them to pay Zimbabwean businessman and politician Joseph Busha's JM Busha Investment from his (Busha's) firm.
Judge Norman Manoim dismissed their application with costs last Thursday after finding that they are not entitled to rescission.
Shepherd Bushiri Investments entered into a loan agreement with the JM Busha Investment Group in 2017, to be lent R200-million, which was to renovate Bushiri's luxury Sparkling Waters Hotel and Spa in Rustenburg, North West.
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