Johannesburg – Zimbabwean first lady Grace Mugabe has bought two mansions worth more than $8-million in Johannesburg and Harare this year, an investigation has revealed.
According to a report in the Zimbabwe Independent, which has conducted a long-running investigation into the property acquisition spree of President Mugabe’s wife, a $3,4 million (R45 million) palatial house in the affluent Sandhurst suburb of Johannesburg is not the only mansion she has snapped up in recent months.
It has also emerged that Grace has been renting a sprawling property owned by Angolan immigrants for more than $15 000 (R200 000) a month.
This is where she has been holed up since Sunday after allegedly assaulting a 20-year-old South African model, Gabriella Engels, she found in the company of her two sons in a Sandton hotel.
The rented six-bed-roomed property is in Sandhurst at an address known to Sandhurst for R45 million and was negotiating to buy another mansion.
The Sandhurst property she has bought is located on Killarney Road.
The price of the property on Killarney Road could go up to a whopping R49 million when transfer costs, renovations and finishings are added.
In Harare, Mugabe’s wife has also acquired another property in the plush suburb of Hellensvale for $4,5 million. As part of the purchase agreement, the former owners have been allowed to stay on the property for the next three years.
The real-estate deal between Grace’s family and a local resident Jan Teede and his wife Fiona Campbell has been finalised.
It is unclear where Grace and her family are getting such large sums of money. Their known loss-making businesses and meagre official incomes are unlikely to fund this.
President Mugabe says he earns $12 000 per month, a salary which makes him “the poorest president in the world”, according to Grace.
Mugabe’s wife has been splurging millions of dollars despite the fact that her family’s only known business, a dairy company, has been loss-making since 2013.
Before Mugabe’s two sons Robert Junior and Bellarmine Chatunga relocated to Johannesburg, the first family was paying an annual rental of $500 000 for a property in Dubai where Robert Junior was at the time still based.
Around April, Robert Junior unceremoniously left the rich emirate for South Africa where he was joined by his young brother Bellarmine.
Since their relocation to Johannesburg, the Mugabe siblings have been living large and partying up a storm almost daily, blowing cash like confetti through their champagne lifestyle.
In the process, they have been caught in explosive public fights after drinking and over ladies, jeopardising their personal security in the crime-ridden city.
Last month, Mugabe’s sons — notorious for a wild partying lifestyle — were evicted from a luxurious apartment in Sandton after a violent brawl that left one security officer with a broken leg and arm.
* This article first appeared in the African Independent