Joice Mujuru’s farm equipment saved from auction over US$226k debt

Must Try

Trending

Former Vice President Joice Mujuru’s farm property has been saved from sale via auction over a US$226,000 debt after the creditor’s lawyers wrote to the Sheriff of the High Court. 

“Further to our previous communications and instructions for you to execute against the attached Property.

“We are instructed to instruct you to stay and hold the execution and the sale which was scheduled for tomorrow the 16th day of June 2023 at 11am, at Ruzambu Farm, Beatrice.

“We kindly request that you furnish us with your bill for your attendances so far.

“However, please note that the property still remains under judicial attachment, and we will give you further instructions,” wrote the lawyers.

The background to the case is that Mujuru through her company Ruzirun Investments in 2015 bought agricultural machinery from Peppy Motors owned by Sabrina and Tony Sarpo.

The debt had also accumulated interest and legal fees over the years.

Targeted for auction were tractors, generators, planters, water pumps, tobacco modoros, a combine harvester, a cold room unit set and four zimatic centre pivots.

Mujuru apparently tried to pay the debt in RTGS dollars at the rate of 1:1, but the Sarpos argued that the payment should be at the prevailing interbank rate.

The Supreme Court ordered Mujuru to pay the debt in US dollars following a successful appeal by the Sarpos.

Related Articles

New interest in Mujuru estate

0
Three companies which sought to be included in the estate of General Solomon Mujuru have successfully applied to be joined in the case, after the High Court ruled that they have a real and substantial interest in the matter.
Former Deputy Prime Minister Arthur Mutambara

Arthur Mutambara on Constitution changes: Understanding the history and motivation

6
There are extensive deliberations back and forth in May, June and July 2012, resulting in Copac (Constitution Parliamentary Committee) formally adopting a draft national constitution on July 21.
Joice Mujuru

Former Vice President Joice Mujuru shows weight loss body transformation

38
Former Vice President Joice Mujuru has unveiled her new body and she looks amazing. Her body transformation pictures went viral causing a stir on social media with all sorts of speculation.

Mujuru, business partner ordered to pay US$70k

0
Former Vice President Joice Mujuru and a business partner have been ordered to pay US$70 000 compensation to a United Arab Emirates-based company, Suzane General Trading JLT (Pvt) Ltd, over the collapse of a joint venture with her International Travel Shops Africa (Pvt) Ltd.
President Emmerson Mnangagwa with Zanu PF spokesman Simon Khaya Moyo at State House

Fresh purge looms in Zanu PF

0
ZANU PF could soon embark on a new wave of purges on senior party leaders accused of sabotaging President Emmerson Mnangagwa under the guise of flushing out remnants of the G40 faction from the ruling party.

Don't miss a story

Breaking News straight to your inbox.

No spam just news !

2 COMMENTS

0 0 votes
Article Rating
Subscribe
Notify of
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
2 years ago

U shot a helicopter for nothing

Reply to  Alfred Masuku

Alfred Masuku u really believe that shit

Donate to Nehanda Radio

Latest Recipes

Latest

More Recipes Like This