close
close

Guvamatanga under scrutiny for multi-million dollar South African property takeovers – The Zimbabwe Mail

Posted on by darion

George Guvamatanga

HARARE – The permanent secretary of Zimbabwe’s Ministry of Finance, George Guvamatanga, is under scrutiny after an investigation revealed he bought 12 luxury properties in an affluent suburb of Johannesburg, South Africa, raising concerns about unexplained wealth and potential corruption.

The investigation is conducted by NewsHawks Guvamatanga was revealed to own properties in upscale areas including Sandton, Randburg, Fourways and most notably the exclusive Dainfern Golf Estate. The combined value of these properties is in the millions of US dollars, raising questions about his ability to amass such wealth, given that he has previously struggled to explain the sources of his income.

Guvamatanga, Johannesburg properties priced in US dollars include:

  • No. 973 Woodchester, Dainfern Golf Estate ($275,000), jointly owned with Hazvinei Chawatama.
  • 19 Port De Bouc Avenue, Dainfern ($163,000).
  • 708 Sandleford Close, Dainfern ($315,000).
  • 13 Morena Crescent, Dainfern ($170,000).
  • 13 Via Garibaldi Lane, Piccolo Italia Estate, Kengies ($90,000), registered address Vimbai Guvamatanga.
  • 26 Garibaldi Lane, Kengies ($84,000).
  • 7 Dorstone Crescent, Maroeladal Needwood Ext. 5 ($355,000) under the command of Vimbai Guvamatanga and Evans Kudakwashe Mupandawać.
  • Fourways Ext. 253340, sectional title SS Borgo De Felice ($73,000).
  • Broadacres, SS Soho Junction sectional land – 628/2017 ($54,000).
  • 435 Cork Avenue, Ferndale, led by Munyoro Guvamatanga and Sharon Tsitsi Taenzanisa Guvamatanga ($40,000).
  • Glenferness, sectional title ($47,000).
  • Another property in Glenferness, sectional title ($47,000).

The revelations raise concerns about potential corruption, failure to declare assets as required by government policy and suspicions of undocumented wealth, as Guvamatanga has previously faced criticism for his unclear financial dealings and explanations regarding the source of his wealth.

The disclosure of these takeovers, especially by a senior government official, is likely to intensify calls for greater transparency and accountability in Zimbabwe’s public sector, and raise further questions about its financial activities.