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Cuthbert Dube's Borrowdale property to be auctioned off over debt

6 years agoThu, 15 Jun 2017 12:19:15 GMT
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Cuthbert Dube's Borrowdale property to be auctioned off over debt

Former Premier Service Medical Aid Society (Psmas) chief executive Cuthbert Dube is set to lose his Borrowdale property after he defaulted on paying a debt owed to African Banking Corporation. The bank placed a notice yesterday which states:

The defendants and title in relation to Lot 3 Siligna situate in the district of Salisbury. Also known as number 152 Domboshava Road, Borrowdale, Harare [will be sold to bidders at an auction.]

While working at Psmas, Dube used to earn over $500 000 per month in wages and allowances. Former PG Industries chief executive Gerald Mujaji is set to lose 29 residential in Goromonzi after failing to settle a debt to Claudius Nhemwa. Part of the notice reads:

The defendants and title in relation to certain piece of land situate in the district of Goromonzi called Reinet of Greensyke of Sebastopol measuring 56, 0180 hectares . . . improvements: a portion there of 39 residential stands  have been developed ranging from 20 000 to 2 500 square metres.

The properties will go under the hammer on June 30 at Raylton Sports Club.

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