HomeLocal NewsZim property under hammer

Zim property under hammer

-

A South African court has given the green light for the auctioning of property owned by the Zimbabwean government in Cape Town to compensate two white commercial farmers who lost their farms under the controversial land reform programme.

International media reports Monday said the South Gauteng High Court in Johannesburg ruled that the auctioning of the property in Cape Town should go ahead.

The property is situated at 28 Salisbury Road in Kenilworth, Cape Town.

The court said the property was of a commercial nature and may therefore be attached and auctioned to cover debts accrued by Harare.

Farmers Louis Fick, Mike Campbell and Richard Etheredge attached the property in March this year.

This was after an order of the North Gauteng High Court enforcing a ruling by the Sadc Tribunal.

The Tribunal ruled the land reform programme was illegal. The ruling angered the Zimbabwe government which refused to recognise the jurisdiction of the Windhoek-based court.

A German financial institution KFW Bank Gruppe has taken the same action against the Zimbabwean government to recover 40 million euros reportedly owed to it by the government.

If the auction goes ahead as ruled by the court, the proceeds from the sales will be given to the farmers.
Efforts to get comment from Patrick Chinamasa, the Justice minister, and Attorney-General Johannes Tomana were fruitless.

Recent Posts

Stories you will enjoy

Recommended reading