ZBC Faces Eviction For $40 Million Rental Arrears

4 years agoSun, 22 Dec 2019 15:40:39 GMT
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ZBC Faces Eviction For $40 Million Rental Arrears

The Zimbabwe Broadcasting Corporation (ZBC) faces eviction from the offices it is occupying at a Masvingo building commonly known as Electricity House after it failed to pay rent, which has now accumulated to over $40 million.

The building is owned by the Zimbabwe Electricity Industry Staff Pension Fund (ZEISPF), which has since approached the High Court seeking to recover the debt from the State broadcaster. Part of ZEISPF’s court application reads:

Plaintiff’s claim against the defendant is for an order confirming the cancellation of the lease between the parties and an order directing the defendant and all those claiming occupation through it to vacate stand No. 382 Masvingo township commonly known as Electricity House failing which the Sheriff is authorised to evict them.

The Pension Fund revealed in the court papers that ZBC was obliged to pay monthly rentals of US$950 or an equivalent of ZWL$5 700.

More: NewZimbabwe.com

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