According to the settlement, a payment of R45000 was to be made in seven installments, with the first payment to be made into Makola's attorneys' trust account on October 22 last year and the last on April 22 this year.
But Makola's lawyer Dawid Moreroa, of Seokane Incorporated, said they only received one installment of R145000, and said the JSE-listed company defaulted on the rest of the installments for months.
"Again, despite [the] settlement [agreement] having [been] made an order of court, [the] respondent failed to pay the aforesaid amount as per the court order. "[The] respondent only managed to make payment in the amount of R145000," reads the papers.
In the same liquidation papers, Makola also detailed how he unsuccessfully tried to attach some of the assets of Gold Brands to recover the R279418 owed to him, only to discover that the property attached did not belong to Gold Brands.
He said the sheriff received a claim by a third party that the property the sheriff has attached to the value of R41300 did not belong to Gold Brands.
The soccer player proposed that the company be liquidated to ensure that its creditors were able to recover their funds.
"I respectfully submit that it will be to the benefit of respondent's creditors if the estate were to be sequestrated," the court papers continued.
Gold Brands had not responded to Sunday World's efforts to get a comment on the matter at the time of going to print.