|
Back to Index
Auctioning
of Zimbabwe government property in Cape Town to proceed
AfriForum
November
22, 2010
The
South Gauteng High Court in Johannesburg today ruled that the Zimbabwe
government owned property situated at 28 Salisbury Road in Kenilworth,
Cape Town, is of a commercial nature and may therefore be attached
and auctioned to satisfy part of the Zimbabwe government's debts.
Zimbabwean commercial farmers Louis Fick, Mike Campbell
and Richard Etheredge attached the property in March this year following
an order of the North Gauteng High Court enforcing a ruling by the
Southern African Development Community (SADC) Tribunal against the
Zimbabwe government.
After the attachment of four properties by AfriForum's
lawyers on behalf of the Zimbabwean farmers, a German banking group,
KFW Bank Gruppe, also attached the properties and went ahead with
arrangements for an auction.
The Zimbabwe government brought the court application
against KFW Bank Gruppe as well as the three farmers. The banking
group is owed more than €40 million by the Mugabe government.
The farmers and their workers have suffered relentless
victimization and the destruction of their farms and livelihoods,
despite the SADC Tribunal ruling that they should be allowed to
continue farming operations unimpeded by the Zimbabwe government.
The significance of today's judgment is in the fact that once the
Kenilworth property has been auctioned, a proportional part of the
proceeds will go to the Zimbabwean farmers.
Although their claim has been diluted as a result
of the huge judgment debt enforced by the German banking group,
the sale in execution will have significant symbolic meaning for
the beleaguered farmers.
Please credit www.kubatana.net if you make use of material from this website.
This work is licensed under a Creative Commons License unless stated otherwise.
TOP
|