Tbo Touch On Why He Allegedly Owes Joburg Company R1.3-million. According to a recent report by SowetanLIVE Media Personality Tbo Touch is currently entangled in money drama where a certain marketing and advertising company based in Johannesburg is suing him for allegedly owing them a whooping amount of R1.3-million.
Tbo Touch, his digital radio station Touch HD and Marketing, and Touch Central Marketing and Media House, were earlier this month jointly dragged to the South Gauteng High Court in Joburg by JB Media Connection for failing to pay it more than R1.3-million.
Touch Central Marketing and Media House is the first respondent while Touch HD and Marketing and the former Metro FM DJ and LiveAMP presenter are the second and third respondents respectively.
According to court papers seen by Sunday World, JB Media signed multiple media contracts with Touch Central Marketing and Media House to provide ongoing production and marketing services to it and its affiliated ventures.
Among others, JB Media created and displayed outdoor signage advertising at certain strategic locations between April and September last year.
“The first defendant would pay the plaintiff for services, in accordance with the agreement and interest would be payable on all overdue instalments at the prime commercial overdraft rate charged from time to time by the Standard Bank of SA Limited, from the due date of payment,” read the papers.
“On or about April 28 2017, and on providing invoices arising out of the agreements to the first defendant, the first defendant requested that the invoices be amended to reflect the details of the second defendant. This was duly done and the second defendant made payment to the plaintiff in the amount of R50000.”
JB Media said in its court documents that Tbo Touch and his companies breached the agreement by failing to timeously and punctually pay and as a result were R1382642.12 in arrears as of April 26 this year.
After allegedly ignoring repeated requests to settle the arrears, JB Media took them to court.
It is now demanding they pay the money with interest as well as the costs of the lawsuit.
JB Media also said Tbo Touch should personally be held liable as the sole director of the companies. “The third defendant, as the sole director of the first and second defendants, has carried on business recklessly and not in good faith, alternatively with the intent of defrauding the plaintiff, in failing and/or refusing to make good on the amounts owing.”
JB Media Connection lawyer Megan Harrington-Johnson confirmed they had filed a lawsuit against the trio. “In fact what they owe us is R1.7-million,” she said.