HARARE The government has issued a notice that it will compulsorily acquire land belonging to property tycoon, Phillip Chiyangwa Minister of Lands and Rural Resettlement, Herbert Murerwa, on Friday published a notice confirming that President Robert Mugabe wanted Chiyangwa’s land in the Stoneridge area of Harare.
The move has unnerved players in the property market as Chiyangwas business has been good of late. He sells prime land, especially to Zimbabweans in the Diaspora. Notice is hereby given…that the President intends to acquire compulsorily the land described in the schedule for urban development, Murerwa’s statement said.
The notice then listed three properties, one of them belonging to Chiyangwa’s flagship Pinnacle Property Holdings. The other two properties listed are also in the capital and belong to the Zimbabwe Tobacco Association and Jetmaster Properties. Comment was not immediately available from either Murerwa or Chiyangwa. However, speculation was rife in Zimbabwe that the flamboyant Chiyangwa might be targeted again by his enemies in Zanu (PF), of which he was once Provincial Chairman and MP in Mugabe’s home province of Mashonaland West. He was removed after he joined a faction calling for Mugabe’s removal.
Post published in: News