Kaizer Chiefs Executive Pays R2.2 Million Divorce Settlement from Pension Fund
- A top Kaizer Chiefs executive, believed to be one of Dr Kaizer Motaung's children, has paid a staggering R2.2 million from his pension fund to his estranged wife
- Court papers reveal the executive filed for divorce in the Johannesburg High Court last year, citing irreconcilable differences
- Aside from the lump sum, the executive also agreed to pay R2,000 in child maintenance and R7,500 monthly for his estranged partner’s accommodation.
A Kaizer Chiefs executive, believed to be one of the club's founders and chairman, Dr Kaizer Motaung's children, has reportedly paid a staggering R2.2 million from his pension fund to his estranged wife as part of a divorce settlement.
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According to Sunday World, the high-ranking executive filed for divorce last year in the Johannesburg High Court, citing irreconcilable differences.
In addition to the lump sum, he agreed to pay R2,000 per month in child maintenance and R7,500 towards his ex-partner’s accommodation, which must be located within 20km of their former marital home.
What are the court documents saying?
Court documents reveal that the executive is a member of the FundsAtWork Umbrella Pension Fund under the South African Football Association. The divorce order directs that R2.2 million of his pension interest be transferred to the defendant, in line with Section 1 of the Divorce Act 70 of 1979 and Section 37D(4) of the Pension Funds Act 24 of 1956.
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“The marriage relationship between the parties has irretrievably broken down and has reached such a stage of disintegration that there is no reasonable prospect for its restoration,” reads the divorce application.
The estranged couple was married out of the community of property with the accrual system. In the court papers, the executive reportedly said there was no way to salvage the marriage, declaring that he now wanted to “fly solo.”
The identity of both the executive and his former spouse is being withheld for legal reasons.
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Dr Motaung's children are at the heart of the club's leadership
The Motaung name is deeply entrenched in Kaizer Chiefs' leadership structure. Jessica Motaung serves as Marketing and Commercial Director, Bobby Motaung is the Football Manager, and Kaizer Motaung Jr is the Sporting Director.
With so many key positions held by family members, the club has often faced public scrutiny and accusations of nepotism and stagnation from fans and football analysts.
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Motaung, son of the Chief's founder, lives a glamorous lifestyle
Bobby Motaung, son of Kaizer Chiefs founder Kaizer Motaung, is a prominent figure in South African football. He resides in Houghton Estate, one of Johannesburg’s most prestigious suburbs. The area is known for its luxury homes and high-profile residents.
Bobby Motaung is involved in a legal battle
Briefly News previously reported that Kaizer Chiefs Football Manager Bobby Motaung is embroiled in legal trouble, with a Johannesburg-based property company reportedly heading to the High Court to attach his shares in the club and pursue a sequestration order against his estate.
The company, Pent Up Investment CC, is reportedly seeking to recover more than R4.5 million from Motaung, alleging that he defaulted on a longstanding debt linked to a failed property transaction dating back to 2009.
Proofreading by Kelly Lippke, copy editor at Briefly.co.za.
Source: Briefly News
