House of Nkandla sponsor on auction

2016-05-04 08:32
A file picture of a local resident walking past President Jacob Zuma's Inkandla home.

A file picture of a local resident walking past President Jacob Zuma's Inkandla home. (Ian Carbutt)

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Pietermaritzburg - Mystery surrounds the sale of a property in execution without any ­reserve today by the Sheriff of the Pinetown high court under the name PG Mavundla Properties.

PG Mavundla Properties is owned by prominent construction tycoon and former Umvoti mayor Philani Mavundla, who once offered to pay for the controversial upgrades at President Jacob Zuma’s private homestead in Nkandla.

Although Mavundla would not give a straight answer on the matter, only saying “a house belonging to my company would never be sold on auction”, a newspaper notice begged to differ.

The notice gives details on the sale, scheduled to be held today at the Sheriff’s office in Pinetown.

The warrant of execution is said to have been issued after a 2013 court judgement between Absa Bank, plaintiff and PG Mavundla Properties, defendant.

The main building of the property has three living rooms, four ­bedrooms, kitchen, study, two bathroom/shower and a separate toilet.

The outbuilding has two living rooms, a separate toilet, double garage and double car port.

Mavundla’s property portfolio includes five commercial farms, a luxury hotel and lodge known as Propaganda, and he owns several luxury homes in Greytown and Durban.

He recently, alongside President Zuma, opened Mavundla Square in Greytown and the second phase of construction in the mall is said to be under way.

Mavundla rejected his salary while served as Umvoti mayor for over two years before he resigned prior to a no confidence vote in him as the mayor being passed.


Read more on:    pietermaritzburg  |  nkandla

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