HomePoliticsMoyo's Jo'burg mansion to be auctioned

Moyo’s Jo’burg mansion to be auctioned

Staff Writer/THISDAY

INFORMATION minister Jonathan Moyo’s controversial R1 million luxury mansion in Johannesburg is up for grabs after he reportedly fell into arrears in his mortgage bond payments.

Reports from South Africa indicate that Moyo’s four-bedroom home with Oregon pine floors and a granite kitchen located at 15 Englewold Drive in the upmarket Saxonwold suburb went on sale on Monday.

A notice of the sale-in-execution of the property was run in THISDAY’s classified section, saying the matter involving the house was between Nedcor Bank and Talunoza Trust and Jonathan Nathaniel Moyo.

Talunoza is named after Moyo’s children. The house is due to be auctioned by the sheriff of Lenasia North on January 29.

THISDAY said Moyo had previously said the house could not be described as his property because the trust owns the house although he has admitted to having stayed there.

The newspaper said Moyo and his wife Betsy reportedly put the house on the market briefly in 2001, but withdrew it when they failed to get the asking price.

The house was described in the advertisement as being on a 1 976 m (2) plot with a double garage, a lounge, a dining room, a family room and two bathrooms.

Findlay & Niemeyer, the attorneys for Nedcor Bank, the holding company for Nedbank, this week confirmed that the auction for Moyo’s house would be held later this month.

They said by auction day Moyo would have received a summons, a judgement would have been made against him and that the sheriff would attach the property.

Moyo had been entangled in a number of financial disputes in South Africa. In 2002, he was accused of owing R100 000 to the South African TV production company Endemol, owned by Moeletsi Mbeki, President Thabo Mbeki’s brother, and of owing Wits University, where he once worked, a large sum from a grant for research he never completed.

Efforts to get comment from Moyo yesterday failed.

“He is not in at the moment and in any case he does not talk to your newspaper,” Moyo’s secretary said. “This is the instruction he has given us.”

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