A year prior to being killed in Joburg last year, Kagiso Setsetse, DJ Sumbody’s business partner, took out a R15 million life cover from Momentum on behalf of the artist.
However, the insurance provider did not pay the astonishing sum since the police looking into Sumbody’s tragic passing froze the money until they could get a statement from Setsetse.
Alleged 28s gang leader and Cape Town businessman Ralph Stanfield revealed the terrifying details this week in an interview with Sunday World.
Stanfied said that Setsetse and Sumbody were threatened by unidentified gangsters during Ayepyep’s remodelling and informed they could not run their company unless they paid a protection price to two infamous underworld bosses. The two went up to their mutual friend and asked him to provide security for them.
At the end of 2019, Ralph travelled to Johannesburg and met him at Tashas Menlyn in Pretoria, where they offered him a partnership through Nicole, Ralph’s wife.
“The terms of agreement was that Nicole takes care of the overall operations and all three directors, being Nicole, DJ Sumbody and Kagiso get a salary of R150 000 monthly and slip R1,5-million at the end of every year.
“At first DJ Sumbody had tabled 50% for Nicole, which I turned down and requested that the directors share evenly,” Stanfied told SundayWorld.
He claimed that on April 1, 2021, when Ayepyep Cape Town was scheduled to open, Setsetse and DJ Sumbody received a threat from unnamed gang members threatening to shoot the establishment down if they went ahead with the opening. At the Victoria Waterfront Mall they had a quick meeting with Stanfied and then he provided them with security.
“Till to date there have been no reported shootouts at or near the establishment,” he said. Stanfied alleges that in 2021 Setsetse and Sumbody “amended” their Ayepyep Menlyn shareholders agreement after which Setsetse took out a life cover for DJ Sumbody to the value of R15 million.
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