Konka boss faces liquidation over R10 million debt

Kutlwano Pitso taken to court due to debt of over R10 million

Konka’s boss – Kutlwano Pitso reportedly faces liquidation over unsettled debt of R10 million.

According to City Press, an investor took the high-flying entrepreneur to court to recover R10.2m loan debt.

Pitso might lose his properties if he fails to settle the debt.

This report has sparked mixed reactions on social media. Let’s take a look at some of the comments below:

• This one smells like money laundering from a mile away. Dirty money slipped through the cracks of places like Konka, masked as ‘investments’ and ‘payments.’ Flashy on the outside, but the game is in the movement—money gets cleaned up, until the truth finally spills.
• From a pragmatic business point of view, Restaurants are not really viable. It takes forever to break even, the whole time they’re just burning investor money.
• Lifestyle ! lifestyle ! Lifestyle !! Some lifestyle are not for business people