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Mutumwa Mawere's Bryanston mansion to go under the hammer
2 hrs ago |
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The late Zimbabwean businessman Mutumwa Mawere's mansion in Bryanston, Johannesburg, is set to be auctioned for R6 million as part of his insolvent estate.
The upmarket property at 62 Cambridge Road is being sold under sequestration after liabilities in Mawere's estate exceeded realisable assets. In such cases, assets are sold in accordance with insolvency laws to settle outstanding debts, often leaving little or no inheritance for beneficiaries.
Mawere died at the age of 66 on January 15, 2026, at Mediclinic Bryanston Hospital.
According to the listing on Property24, the 5 098m² property is described as a "magnificent home" set within landscaped gardens. The four-bedroom residence features a swimming pool, private tennis court, miniature golf course, wine cellar, billiard room, extra-large double garage, carport, gazebo, two large garden storerooms, staff accommodation, and a fully separate three-bedroom cottage suitable for extended family or rental income.
The property was listed for auction on February 11 and is scheduled to go under the hammer on February 25 at 11am. Financial details indicate a monthly bond repayment of R58 898 and monthly rates of R7 686.99. The total once-off costs amount to R612 865, with a minimum gross monthly income requirement of R196 328.
A South Africa-based Zimbabwean industrialist, Mawere built a vast business empire through Africa Resources Limited and SMM Holdings, with interests spanning mining, financial services, telecommunications, manufacturing, agriculture and media.
In 2004, his corporate interests were seized by the Government of Zimbabwe under the Reconstruction of State-Indebted Insolvent Companies Act, citing SMM Holdings' insolvency, debts to state entities, and allegations of fraud and currency externalisation. Mawere relocated to South Africa, maintaining that the action was politically motivated, but was unsuccessful in subsequent legal attempts to regain control of his companies.
The upmarket property at 62 Cambridge Road is being sold under sequestration after liabilities in Mawere's estate exceeded realisable assets. In such cases, assets are sold in accordance with insolvency laws to settle outstanding debts, often leaving little or no inheritance for beneficiaries.
Mawere died at the age of 66 on January 15, 2026, at Mediclinic Bryanston Hospital.
The property was listed for auction on February 11 and is scheduled to go under the hammer on February 25 at 11am. Financial details indicate a monthly bond repayment of R58 898 and monthly rates of R7 686.99. The total once-off costs amount to R612 865, with a minimum gross monthly income requirement of R196 328.
A South Africa-based Zimbabwean industrialist, Mawere built a vast business empire through Africa Resources Limited and SMM Holdings, with interests spanning mining, financial services, telecommunications, manufacturing, agriculture and media.
In 2004, his corporate interests were seized by the Government of Zimbabwe under the Reconstruction of State-Indebted Insolvent Companies Act, citing SMM Holdings' insolvency, debts to state entities, and allegations of fraud and currency externalisation. Mawere relocated to South Africa, maintaining that the action was politically motivated, but was unsuccessful in subsequent legal attempts to regain control of his companies.
Source - online
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