Zanu-PF stalwarts fall on hard times

Zimbabwe Tourism Authority (ZTA) chief executive officer Karikoga Kaseke is set to lose his posh Harare house over a $1,7 million bank loan which he has allegedly failed to service.

CBZ Bank has since approached the Sheriff who is set to auction the property on Thursday next week.

A writ of execution issued in favour of the bank under case number HC7746/14 directed to the Sheriff read in part: "You are required and directed to attach and take into execution the movable goods of Karikoga Kaseke, the abovementioned defendant, of Number 38 Boscobell Road, Highlands, Harare, and of the same cause to be realised the sum of $1 788 267,18 together with interest thereon at the rate of 36% per annum calculated from the 31st July 2014 to date of payment in full."