Mysterious Murder: DJ Sumbody’s Business Partner Took R15 Million Life Cover Policy Before His Violent Death
DJ Sumbody’s business partner Kagiso Setsetse obtained a R15 million life insurance policy a year before the hitmaker’s violent murder in Johannesburg.
In an exclusive interview with Sunday World, alleged 28s gang leader and Cape Town businessman Ralph Stanfield revealed this.
Threats from The Underworld and Gang Protection
During Ayepyep’s renovation, Setsetse and Sumbody faced threats from unknown gang members who demanded money for the business’s safety, supposedly on behalf of two notorious underworld figures. Seeking security, they approached Ralph Stanfield.
Towards late 2019, Ralph and Setsetse met in Pretoria to offer Ralph’s wife, Nicole, a partnership. The arrangement included Nicole overseeing operations, and each of the three directors – Nicole, DJ Sumbody, and Kagiso – receiving a monthly salary of R150,000 and splitting R1.5 million annually.
At Ayepyep Cape Town’s official launch in April 2021, Setsetse and DJ Sumbody faced threats, leading to a swift meeting with Stanfield for security.
Life Cover Policy by DJ Sumbody’s Business Partner Kagiso Setsetse
In 2021, Stanfield claimed Setsetse and Sumbody adjusted their Ayepyep Menlyn shareholder agreement, and Setsetse arranged a R15 million life insurance for Sumbody.
Stanfield alleged Setsetse illicitly obtained Sumbody’s death certificate last year, linked to a dubious insurance claim.
Setsetse and his wife Suzen Raphela expressed worries about safety in Gauteng and contemplated moving to Cape Town. Setsetse asked Nicole for help enrolling his children in early 2023.
Setsetse offered Nicole more shares on the condition of obtaining life insurance on her, claiming majority ownership. Later, he removed Nicole’s access to Ayepyep’s accounts, withdrawing substantial funds spent in Dubai. Nicole collected payments using speed points.
Setsetse’s secret acquisition of Sumbody’s shares prompted legal action by Sumbody’s family.
Setsetse confirmed arranging an insurance policy for Sumbody, describing it as a buy-and-sell agreement among directors to cover shares in case of death. He maintained that insurance payout would benefit Sumbody’s family.
Setsetse dismissed Stanfield’s allegations as character defamation.