News / National
Grace buys R45 million house in Joburg
17 Aug 2017 at 09:12hrs | Views
Zimbabwe's first lady, Grace Mugabe has bought a R45 million mansion in the affluent Sandhurst suburb of Joburg.
The news come against the backdrop of a national outrage over allegations she assaulted a 20-year-old Joburg model she found with her two sons at a hotel on Sunday. She had flown into South Africa earlier in the day, just 24 hours after she had returned to Harare after medical treatment.
According to The Star sources close to the sale on Wednesday confirmed that the wife of the 93-year-old Zimbabwe leader Robert Mugabe bought the majestic property in February through a shelf company.
"It had been on the market for some time but was transferred in May this year," said a northern suburbs property expert who asked not to be named.
Property adverts for the home before its acquisition said: "It has rolling lawns, a summer house, koi pond and six reception rooms. It also has four bedrooms and four bathrooms, a two-bedroomed cottage, pool, etc."
An estate agent who knows the property and asked not to be named, said it does need some renovations. Official documents on the transfer of the property show that Grace has spent about R45m on this 9 249m2 property, which is nearly double the size of most others in Sandhurst, a suburb redolent of money and extravagance.
Sandhurst is home to some of South Africa's richest families as well as from oil-rich parts of Africa.
Property sources in the most elite part of the northern suburbs say the first lady is also interested in another property nearby valued at about R55m.
Grace, 52, is anxious like many Zimbabweans as the ruling Zanu-PF party is divided about the "succession issue".
She is widely feared and disliked, particularly in the capital, Harare, but is seen as important in the succession battle to replace her ageing husband.
Earlier this year, Grace rented a mansion in Sandhurst on a year's lease, and lived in it with her staff, during her trips to South Africa. This property, around the corner from her new mansion, is valued at about R25m, and was for sale for an extended period before she signed the lease. The owners of the property have left South Africa and are now living in Europe.
Zimbabwean security guards were on duty outside this mansion earlier this week, and there is a permanent van with security personnel parked opposite it.
Property experts in the area estimate she would be paying at least R150 000 a month in rent.
Her sons rented two flats in a plush hotel complex not far away.
They are known to frequent Joburg's exclusive night clubs.
Late last year, Grace also bought a R58m property in Harare from Jan Teede and the central bank allowed the cash to be exported to a Mauritius bank account.
The news come against the backdrop of a national outrage over allegations she assaulted a 20-year-old Joburg model she found with her two sons at a hotel on Sunday. She had flown into South Africa earlier in the day, just 24 hours after she had returned to Harare after medical treatment.
According to The Star sources close to the sale on Wednesday confirmed that the wife of the 93-year-old Zimbabwe leader Robert Mugabe bought the majestic property in February through a shelf company.
"It had been on the market for some time but was transferred in May this year," said a northern suburbs property expert who asked not to be named.
Property adverts for the home before its acquisition said: "It has rolling lawns, a summer house, koi pond and six reception rooms. It also has four bedrooms and four bathrooms, a two-bedroomed cottage, pool, etc."
An estate agent who knows the property and asked not to be named, said it does need some renovations. Official documents on the transfer of the property show that Grace has spent about R45m on this 9 249m2 property, which is nearly double the size of most others in Sandhurst, a suburb redolent of money and extravagance.
Sandhurst is home to some of South Africa's richest families as well as from oil-rich parts of Africa.
Property sources in the most elite part of the northern suburbs say the first lady is also interested in another property nearby valued at about R55m.
Grace, 52, is anxious like many Zimbabweans as the ruling Zanu-PF party is divided about the "succession issue".
She is widely feared and disliked, particularly in the capital, Harare, but is seen as important in the succession battle to replace her ageing husband.
Earlier this year, Grace rented a mansion in Sandhurst on a year's lease, and lived in it with her staff, during her trips to South Africa. This property, around the corner from her new mansion, is valued at about R25m, and was for sale for an extended period before she signed the lease. The owners of the property have left South Africa and are now living in Europe.
Zimbabwean security guards were on duty outside this mansion earlier this week, and there is a permanent van with security personnel parked opposite it.
Property experts in the area estimate she would be paying at least R150 000 a month in rent.
Her sons rented two flats in a plush hotel complex not far away.
They are known to frequent Joburg's exclusive night clubs.
Late last year, Grace also bought a R58m property in Harare from Jan Teede and the central bank allowed the cash to be exported to a Mauritius bank account.
Source - The Star
