Makhadzi, the award-winning South African singer, has been making headlines for her recent tax woes with the South African Revenue Authority Service (SARS). Despite her illustrious career and the wealth she has accumulated over the years, the celebrated performer has faced significant financial challenges.
Makhadzi’s rise to stardom has been nothing short of remarkable. With an extensive career spanning multiple years, she has become one of the most sought-after artists in South Africa, captivating audiences worldwide and sharing the stage with some of the best acts in the industry. Her success has been marked by numerous shows and performances across the globe, as well as the acquisition of several properties, including a reported third apartment in the affluent Sandton area.
However, Makhadzi’s financial journey has not been without its setbacks. Last year, she found herself embroiled in a tax dispute with SARS, owing the agency a staggering R6 million in unpaid taxes. The reports revealed that the debt had accumulated over time, with her previous management team implicated in the mix. When Makhadzi joined Open Mic, she was already in debt, and the situation only worsened.
To address the issue, Makhadzi’s management engaged with SARS, and they were able to settle for a reduced tax bill of R2.7 million. The star is now paying monthly instalments to clear the debt, a testament to her commitment to resolving her tax woes.
Despite these financial challenges, Makhadzi continues to make waves in the industry. Recently, she revealed that she had to borrow money from a loan shark to attend the prestigious BET Awards in California. While attending the event was undoubtedly a significant achievement, Makhadzi’s financial constraints have been a constant struggle.
Makhadzi’s story serves as a reminder that even the most successful artists can face unexpected financial hurdles. However, her resilience and determination to overcome these obstacles are a testament to her character and the unwavering support of her fans. As she continues to navigate the complexities of her career and personal finances, Makhadzi’s journey remains a captivating narrative that resonates with audiences across South Africa and beyond.
