South African DJ and businessman Shimza has broken his silence following reports of a shareholder dispute involving one of his companies, accusing a fellow shareholder of attempting to force his way out of the business through public pressure.
Shimza addressed the controversy, explaining the difference between being a shareholder and a director while emphasising that he is both the founder and a director of the company.
According to the DJ, one of the shareholders allegedly went behind his back and that of another shareholder in an attempt to remove them as directors. Shimza further claimed that details of the dispute were leaked to the media while the matter was still under court review.
He believes the alleged leak was intended to pressure him and his business partners into buying out the shareholder's stake in the company.
Shimza made it clear that he would not allow public opinion or negative publicity to influence how he handles the situation.
"One thing you must understand about me is that a ke Bari and I won't be bullied because I'm scared of public perception", he wrote.
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The DJ also admitted that choosing the shareholder in question may have been a mistake, but maintained that the matter would be handled according to the company's shareholder agreement.
"We chose the wrong shareholder, it happens and we must follow our shareholders agreement for his farewell", he added.
While Shimza has publicly shared his version of events, the allegations against the shareholder have not been independently verified, and the outcome of the reported court proceedings remains unclear.
For now, the DJ appears determined to stand his ground and resolve the dispute through the appropriate legal and contractual processes.
