Categories: Stories

Zimbabwe government property in Cape Town sold for R3.7 million over white farmers’ case

A Zimbabwean government property in Cape Town, ironically on 28 Salisbury Avenue, was auctioned today for R3.76 million to cover legal costs the government owed to a South African human rights organisation Afriforum  that had taken up the case of Zimbabwe’s white farmers whose land was taken over by the Zimbabwe’s government under its controversial land reform programme.

According to News24, the three-bedroom, three bathroom house was sold to Arthur Tsimitakopoulos and once he pays the full amount, the money will be split between AfriForum and German Bank KfW which is owed money borrowed by Zimbabwe to bail out the Zimbabwe Iron and Steel Company.

The sale could sour relations between Harare and Pretoria as Zimbabwe’s ambassador to South Africa, Isaac Moyo, claims the legal fees involved totaling R800 000 were paid on Saturday.

“We are very disappointed by this move to sell our property under the pretense of human rights violations. These are just cheap political arguments. We are also very disappointed that after we had paid them R800 000, the same people went ahead with the auction,” Moyo told the Financial Gazette.

The case itself has been embroiled in a lot of controversy. The Southern African Development Community Tribunal which ruled in 2008 that the way the land reform was carried out was illegal and therefore said the white famers should be given back their land was dissolved after protests from Zimbabwe.

AfriForum stepped in to help the dispossessed Zimbabwean commercial farmers to enforce the ruling through the South African courts.

(278 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024