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Home Latest News

Standard Bank Moves To Auction MK Party MP Skosana’s House Over R166K Arrears

March 18, 2026
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Standard Bank Moves To Auction MK Party MP Skosana’s House Over R166K Arrears
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Standard Bank has filed papers in the Johannesburg High Court seeking a writ of execution to attach and auction the Pretoria property of MK Party Member of Parliament David Mandla Skosana, after he allegedly fell more than R166 000 in arrears on a R2.6 million home loan, Daily Sun can exclusively reveal.

The bank applied for the matter to be heard on the unopposed roll after Skosana failed to file a motion opposing the application for an execution order. Court papers seen by Daily Sun show that Standard Bank’s manager for home services collections, Camellia Nair, confirmed that the bank advanced the home loan to Skosana for the purchase of the property, which was registered in his name on 17 September 2010.

Skosana, who earns over R110 000 per month as a Member of Parliament and is currently participating in the Ad Hoc Committee probing Lieutenant-General Nhlanhla Mkhwanazi’s allegations of infiltration of the criminal justice system, was required to pay over R21 000 per month towards his bond. According to Nair, he defaulted on those obligations, with arrears standing at more than R166 000 as of 19 February, while the total outstanding amount owed to the bank sits at just under R1 million.

Nair revealed that the bank made more than 25 phone calls and sent 15 text messages to Skosana during 2025 in an effort to resolve the arrears or reach a payment arrangement. A combined summons was issued on 28 October 2025 and served on Skosana’s wife on 31 October 2025.

Despite subsequent attempts at payment, Nair described his approach to servicing the bond as sporadic and inconsistent, with Skosana making lump sum manual electronic fund transfers rather than regular debit order payments. During 2025, he made only two payments R40 000 in August and R35 000 in November followed by a R100 000 payment in February 2026, none of which were sufficient to clear the arrears.

Compounding the bank’s concerns, Nair noted that Skosana’s rates and taxes account is more than R240 000 in arrears, and he owes the property’s homeowners association over R8 000. She submitted to the court that it would be just and equitable to grant the writ of execution given the scale of the outstanding debt and the absence of any other appropriate means of recovery.

Standard Bank spokesman Ross Linstrom declined to comment on the merits of the case, stating only that the bank operates within applicable laws and due process.

Skosana, however, told Daily Sun that he has since paid the arrears and that the matter was removed from the unopposed roll on Tuesday, 17 March. He also confirmed that he has been paying his bond in cash, defending the approach by saying he pays however he chooses. “I’m a businessman. The property you’re referring to is being used as my office for my business,” he said.​​​​​​​​​​​​​​​​

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Azalibone Mthethwa

Education: A+ Diploma in Journalism ( 2017) Experience: Senior Journalist - Current Affairs Writer Email: info@ireportsouthafrica.co.za

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