Philip Chiyangwa Zimbabwe Businessman

PHILIP CHIYANGWA (PHILLIP CHIYANGWA) is one of the most known Zimbabwean black businessmen to emerge in independent Zimbabwe, who features prominently in Africa's Richest Black People List. His meteoric rise from a barefoot and spike haired vegetable vendor in the dusty streets of Hartley (now Chegutu) in Rhodesia to a flamboyant businessman, property developer and politician in Zimbabwe has never been understood by many, who have more often than not, claimed that his wealth is ill-gotten. Daring and unshaken in his spirited quest to get richer and richer, Mr Chiyangwa — who says he has a PhD in Common Sense — has courted controversy on his road to riches. ISDORE GUVAMOMBE (IG) talks to Mr Chiyangwa (PHILLIP CHIYANGWA) about his upbringing, Business Empire, wealth and the future.





IG: Who is Philip Chiyangwa? 

PHILLIP CHIYANGWA: I am a businessman, who has gone through a long way. I did not get my wealth yesterday. I got it through years of hard work, investment, reinvestment and strategic planning.

I am Christian but I must say these things are not manna from heaven. Where others see disasters and problems, I see opportunities. Even when I diversify, I remain focused. My mother Marita taught me to be astute and to be an entrepreneur from pamusika, the vegetable market. She taught me to buy and sell and my father taught me to cast visions and to stay focused. That is me.

IG: People say you are a crook . . . 
PHILLIP CHIYANGWA: No, no, no! They are mad. If I stole a cent from anyone or anyone’s mother, grandmother or so, they should come and claim it. Kana ndakabira mai vemunhu kana tete kana mbuya vake ngavauye vatore because I now have the money, I have the money! My money is clean. When people are spiting me or sleeping, I am thinking hard and strategising to make more money. I have a doctorate in common sense, where academics and professional end, is where I start.
IG: HOW did you make your money? 

PHILLIP CHIYANGWA: There is no magic in making money. You must characterise money as your friend. As blacks we have over the years believed that no one makes clean money. There is no magic in making money. They think money is difficult to make and that money is for those who have it already and that is wrong. If you have a problem with money it’s you because as for me, I have the money and I don’t have a problem with money.

In many homes people fight over small money and how then do they expect money to visit them when they fight over small money? If you value money and you wish to create and accumulate wealth, you must be able to sacrifice and do things to make it happen. All my investments are in Zimbabwe not outside Zimbabwe. I can export but I remain in Zimbabwe.

                                     Phillip CHiyangwa's Rolls Royce

IG: That is a bit philosophical. Anyway, where did you grow up and how?

PHILLIP CHIYANGWA: I was born in what is now Chegutu. You know there is no tarred road in those locations? I grew up in the dust. I was born in a family of 14, same mother, same father and I was number seven, now I am number one. All those senior to me died. My mother was a vendor, a vegetable vendor and she was the first to teach me to buy and sell, which is what I do to make money up to today.

What differs is the scale. My mother sold vegetables, I sell stands and properties. I buy companies and sell, when it becomes necessary. My father was a restrictee, a political detainee in Whawha and Gonakudzingwa. He was in and out of detention for politics.

I went to school with old people, in Grade three, you would get someone 15 years old and in grade six or seven you would get someone 20 years old. You needed to be clever and it made me clever. In between school I was a vendor helping my mother.
IG: That famous story about your scramble with bigger boys to get to the top of the rural bus and grab vegetables . . . 

PHILLIP CHIYANGWA: Ah, that story. Okay, as vendors we would get our vegetables from buses, Dikita, Matambanadzo and Masiyandaita, that came from rural farming areas like Musengezi.

Each time a bus arrived, there was pushing, shoving and jostling among vendors to grab the vegetables first. I was too small and young but I would run for my mother.

The other boys were big and strong so it was a struggle for me to get the vegetables from the bus career for my mother.

One day, I cycled to a place 15 km away and parked by the bus stop and when the buses arrived I paid for all the vegetables and when the buses got to Chegutu, the other vendors were told that they had all been bought by me. I was a rendezvous buyer.

This is how my mother became a wholesaler of vegetables and all vendors would get vegetables from her. It became a norm. This is how my mother managed to send all of us to school, as a vegetable wholesaler.

IG: After school did you ever work for anyone?

PHILLIP CHIYANGWA: Yes, my first job was working as a garden boy for an elderly Portuguese family that had abandoned Mozambique when Samora Machel took over power.

I was later to learn that those are the people who blocked sewer and water pipes in protest of black rule in Mozambique.

Between running their errands and tending their flowers and hedge, I would dream of getting rich.

I would think of having my children growing the same way like I did. Like I said, my father was a restrictee. My situation did not make me despair, it hardened me and made me more ambitious. My poverty inspired me. I always dreamt of getting rich. I knew my situation would change for the better.

IG: How did you leave?

PHILLIP CHIYANGWA: Cutting hedge as usual, the milky liquid accidentally got into my eyes and the old lady would not understand seeing me rinsing my eyes with water at the tap continuously.

She was enraged and shouted at me so I ran to my mother who took me to the shops and bought milk. She cleaned my eyes with the milk. I never went back.
IG: People say you are not educated, how far did you go?

PHILLIP CHIYANGWA: I am educated. I attended Universal College in Highfield and did bookkeeping, elementary, intermediate and advanced certificates. I did typing too. That was in 1976. In 1977, I did Accounting Machines (NCR and Burroughs) at Commercial Cotcers College, now Zedco; ask the old folk what it means.

It was a special course. I then went to work at York House in Bulawayo, now owned by Mines Minister Cde Obert Mpofu. While there I did an advanced diploma in accounting.

I left in 1980 to join Dunlop Zimbabwe as an Industrial Engineering, Assisted and Work Study Trainee. I learnt the whole process of making a tyre. That time my elder brother, the late David popularly known as Mr Bulk, was working at Chitungwiza Council as a debt collector and he pressurised me to relocate to Harare.

I made seven applications for jobs in Harare and was finally called by Willovale and I shocked them in that interview, where I finished answering questions in a record 15 minutes of the stipulated 30 and I got 100 percent. I was later to move to Van Leah together with Tichafa Ndoro, who is still Managing Director there and that is where I first met Reserve Bank Governor Gideon Gono, way back in 1982. So all those people who say things about me and Gono don’t know what they are saying, man. I have known him since that time, not yesterday.

IG: When exactly did you go into your own business? 

PHILLIP CHIYANGWA: When I left Willowvale for Van Leah, my brother David, had left Chitungwiza Council and was buying and selling cars. I used to market cars for him from my office. I then decided to do my own thing and left.

IG: What did you go into as your first business?

PHILLIP CHIYANGWA: I formed Phids Electric Sounds, a disco that became very popular in Chitungwiza, Musami and St Ignatius and massive promotional work. I managed Hosea Chipanga, the Erosion Band and others. I dominated boxing promotion and wrestling. I managed the African Boxing Champion, Proud Kilimanjaro Chinembiri, Gilbert Josamu, Ambrose Mlilo, and Langton Tinago. I accompanied Kilimanjaro on his fight with Lennox Lewis, which was a fluke. I also did accounting books for many black business people who had shops. I felt I should be a businessman.

IG: Is this when you formed CIA? 

PHILLIP CHIYANGWA: Yes, its actual name is Commercial Industrial Agency. We supplied stationary and furniture to rural schools and institutions and by 1984, I had started manufacturing my own furniture and selling it. My business then grew with the economy. Business was not difficult; there were opportunities for all enterprising young Zimbabweans.

In the 1990s, I became the first black to own a Betting Licence and the whites were after me. They wanted no black person in that industry. I was minting money; I had 43 branches throughout the country and employed more than 183 people.

IG: What did they do to you?

PHILLIP CHIYANGWA: Mashonaland and Matabeleland Turf Clubs were after me, man. They were white-dominated and there were an enclave of classic white racists, diabolic and protective of their interests. They spent three years fighting me. Suddenly, I was fighting all white people because I had gotten deep into their enclave.

I touched their raw nerve and white law firms came after me big time. Some blacks are apologetic to the whites because they don’t know these people. Most of them are coconuts for the whites to crush and eat. For whites to respect you, you must know that you are black, good and equal and as hungry for money as them.

IG: What can you tell us about Affirmative Action Group?

PHILLIP CHIYANGWA: I had enough reason to enter and fight agriculture, the white man’s nerve centre after my ordeal with the turf clubs. The only way was black empowerment and this is how we mooted AAG with the late Peter Pamire. I attacked them where it hurts most and founded AAG, 17 years ago. AAG has done extremely well for black Zimbabweans. It was the entrance of blacks into the private sector.

I am also a strategist.

IG: How did you leave politics, was it your involvement in the so-called Tsholotsho debacle?

PHILLIP CHIYANGWA: After MDC got into Parliament through the backdoor by taking advantage of the relaxation and infighting within Zanu-PF, the internal struggles took their toll on a lot of us. Some ended up cooking stories about me. I was caught up in that. Some said I was leading the Tsholotsho team. That led to my unfortunate exit from politics. I had to come to terms with the machinations of politics and I forgive those small-minded people who created the story for me.

IG: How have you received the Inclusive Government?

PHILLIP CHIYANGWA: After the formation of the inclusive Government I have been able to analyse the total ineptitude in dealing with the MDC-T. Tsvangirai has a collection of touts, bad apples, people who have failed in life yet to be in Zanu PF one has to have a distinction of competitive edge. Criminal perverts and excretes collected into MDC and Tsvangirai buries himself into the pus.

It is common cause that the Prime Minister is not among the most learned and he talks about me while addressing Harare councillors, without getting the facts right. I have more money anybody has ever come across and he said I was a crook. No one who has associated with Tsvangirai has ever made money like me. I challenge them.


IG: That brings us to your land deal with Harare City Council. What really happened?

PHILLIP CHIYANGWA: This was an unfortunate incident that was cooked up and made believable for the people of Zimbabwe. I wonder if the MDC-T can govern.

An incompetent assembly of people, who had absolutely no idea of law, facts of the deal gathered and decided to deal with Chiyangwa of Zanu-PF.

Firstly, the council was broke and I gave them money for salaries, US$7,1 million and they gave me land but as usual, this is a sign of the poverty in MDC-T. Tsvangirai brought into councils a baggage of corrupt councillors. We are now locked up with this kind of councillors, bereft of ideas and procedure. They sat and discussed my issue without getting in touch or inviting those who crafted the deal. It was a land swoop deal and they still owe me a lot of land, ask Tendai Mahachi the town clerk. I gave them 22 ha of land and they gave me 17 ha. Stupidity took over reasoning. If they owe me a public apology and if they pay little money I will forgive them. I have an affidavit from Mahachi on the deal.

IG: What positions to you currently hold?

PHILLIP CHIYANGWA: I am the president of the Construction Industry Federation of Zimbabwe, Vice president of the Zimbabwe Construction Industry Council which incorporates Zimbabwe Institute of Engineers, Zimbabwe Building Contractors Association, Institute of Architects of Zimbabwe and Real Estates Institute of Zimbabwe, among others. There are seven of them. Of course I am the founder and chairman of Native Investments Africa Group.

IG: In your life, which incident do you regret most?

PHILLIP CHIYANGWA: When I lost my daughter. She was my first child and she drowned in a swimming pool together with my friend’s daughter at Jameson High School in Kadoma. Apparently, I had influenced my friend Isaiah Chabveka to send his daughter to the same school with mine. Both girls drowned. It was very sad. It was a double tragedy.

IG: What is the future of your business empire?

PHILLIP CHIYANGWA: The future is to diversify; there are a lot of foreigners coming for our diamonds and other minerals. We need to look into that area. The housing project is being reviewed so that we provide cheaper stands at around $25 per month for 30 years. The poor must have access to decent accommodation. This is what we want.

I am a trendsetter, I want to take advantage of the situation and look at econometrics. I want to write my autobiography, I want to release two books on how to make money.

They are coming onto the market soon. I think it is easy to make money; there is nothing scientific about making money. I have a doctorate in common sense; I start where academics and professionals end.

Zimbabwe’s Denzel Washington: Philip Chiyangwa and his acting career

Flamboyant businessman Philip Chiyangwa is never short of surprises. Following his debut appearance in "The Gentleman", it appears the overtly flashy businessman now wants to spread his tentacles into showbiz full time. Arts and Entertainment Editor Ruth Butaumocho(RB) caught up with Chiyangwa (PHILLIP CHIYANGWA) to speak about his life, business interests and political future and, of course, his recent new baby - showbiz.

RB: In the last few years, you have been unusually quiet; can you tell us what you have been up to?
PHILLIP CHIYANGWA: I have been refocusing my whole life and paying attention to family, given that I am now a grandfather and needed to get closer to God as well.

RB: Following the dollarisation of the economy, there have been a lot of fundamental challenges in the economy, where a lot of people are actually saying life is much more difficult now in the era of the US dollar than when people where using the local currency.
Putting it in the layman's terms, some people are saying it has been difficult for many to lay their hands on the dollar. How have you managed to stay afloat?
PHILLIP CHIYANGWA: Financial challenges should not be mental challenges, it is indeed a time to build true value and extend the same given the prevailing sanctions mode which has given rise to serious innovations which I am champion.
The situation bedevilling Zimbabwe requires constant innovation but thanks to the same, we are not victims of the economic contagion which naturally comes with full economic engagement, a case in point is that of the eurozone crisis.
By the grace of God, sanctions have saved us from carrying other people's problems like what most countries are doing.

RB: You are a renowned businessman, who is into property, car hiring and a host of other things. You recently revealed that you now want to get involved in showbiz. What inspired you to venture into the arts?
PHILLIP CHIYANGWA: I am a product of the arts and culture industry, in fact business is showbiz, the difference is in how it's presented and perceived, sitting where I am, Oliver Mtukudzi, Sulumani Chimbetu are as good as Denzel Washington, Chris Brown and Philip Chiyangwa. We are all brands in business.
Arts is a platform to shine, transform and space for mass interaction and transaction.

RB: I believe that it was in the locally produced movie, "The Gentleman" that you made a debut in film production. What has been the response from the public, especially those who had an opportunity to watch the film?
PHILLIP CHIYANGWA: The response is overwhelming and humbling. As you know I featured briefly but had an impact role that gave appetite to fully explore more opportunities.

RB: You recently announced that you will appearing in yet another movie, "Mr Roger's Big Score", which can best be described as the sequel to "The Gentleman", can you tell us more about your role and how far you have gone with production?
PHILLIP CHIYANGWA: I am the real "Denzel Washington" not "Ticky" and this is destined for an Oscar nomination cast out in Zimbabwe and South Africa, it's to show you an action-packed, true-crime movie.
We will be on location dependent on weather this festive season period, but that should not be a problem since Zimbabwe boasts the best climate in the world.

RB: Still on that issue, how much money have you sunk into the production of the film?
PHILLIP CHIYANGWA: We have and are still seeking enough resources to ensure that quality and storyline is world class - you know if you want to be "Denzel" do it the Denzel way, no expenses should be spared. Hazvidi zvechinzara nzara!

RB: But Comrade, those in the know will attest that the arts industry in Zimbabwe does not pay. It surely boggles my mind, why a businessman of repute like you would want to spend hours, reading a script and hours in front of rolling cameras, at a time you should be making money and attending to important deals?

PHILLIP CHIYANGWA: Value is what you bring to the table. The fact that I am doing this should be enough affirmation that it is something worthwhile and valuable.
Inga munondiziva handiite magame ecent cent. Leadership is about overcoming fear, in other words, fearless people are true leaders, and this is exactly what I am trying to do.
A good name is better than riches, going by your doubts, I will go into my mansion and be chauffeur-driven in my Rolls Royce.
Meanwhile drive past many who have nothing and continue to acquire serious education which thus without those who take the lead see lives wasted and do not create opportunity, which if not created can lead to destruction of living standards (the destruction of my property, because of anger which is driven by mere denial of access to the same people)
You know as I do that, the arts industry has many graduates who partake media studies, film production, theatre and so forth.
These people now need a serious and viable platform to express the talents like what has happened in India (Bollywood), USA (Hollywood), in Zimbabwe we have to have our own identity. Success means different things to different people, in this instance my success is through creating access for others, in fact true and sustainable prosperity should be a rising tide that lifts all Boats.
Kana tasumuka, ngatisimuke tese !

RB: There are also schools of thought, which are saying that your involvement in the arts sector is a way of boosting your political career following your re-admittance into Zanu-PF a few weeks ago. What is your take on that one?
PHILLIP CHIYANGWA: My political career needs no boost, when I should run for any office, it will be the spirit of national service in giving back to a country that has given me so much more. Remember, I successfully ran for public office as MP for Chinhoyi in 2000 without being "Denzel".

RB: Zimbabwean arts industry is heavily under-funded, and the few organisations that are still up and running are doing so with international donor funding.
Artistes continue to live as paupers and yet they would have made their name in the arts industry. What do you think is the long-term solution to the problem of funding in the arts sector?
PHILLIP CHIYANGWA: The long-term solution is to turn arts into a formidable industry of repute and take its players notches up, no wonder ndavamo.

RB: Your involvement in the arts industry in addition to your already existing portfolios (businessman, politician, leader in the indigenisation drive), presents a complicated situation to a lot of people out there Comrade. What would you want to be known for?
PHILLIP CHIYANGWA: I would want to be known as a person who lived well in understanding of bringing total commitment to everything that God and good fortune have brought my way.

RB: At the beginning of this year, you publicly announced that you would be buying a private jet, when are we expecting to see the new baby?
PHILLIP CHIYANGWA: I bought one in 1998, a twin-engine 10-seater Cessna, sold it in 2003. In 2011, the Zimbabwean skies are very clear at the moment, the first sight you have of a new bigger jet will be "Tsivo".

RB: People are wondering what happened to your life of bling, nice cars, nice clothes, nice houses and beautiful women??????
PHILLIP CHIYANGWA: God has blessed me with all spiritual blessings and has given me dominion over earthly issues, I am still reigning in life and wisdom.

 Inside Philip Chiyangwa Private Jet

BELOW is the full list of Phillip Chiyangwa’s properties, businesses and other investments according to a divorce petition filed by his wife, Elizabeth, at the High Court in Harare. LIST OF SUBSTANTIAL MOVEABLE ASSETS AS KNOWN TO WIFE BELOW is the full list of Phillip Chiyangwa’s properties, businesses and other investments according to a divorce petition filed by his wife, Elizabeth, at the High Court in Harare.

LIST OF SUBSTANTIAL MOVEABLE ASSETS AS KNOWN TO WIFE

1.            Chrysler Cross Fire motor vehicle valued at approximately $50,000

2.            Range Rover Vogue motor vehicle valued at approximately $60,000

3.            A Jeep motor vehicle valued at approximately $120,000

4.            Chrysler Sebrin motor vehicle valued at approximately $60,000

5.            Ford Ranger motor vehicle valued at approximately $70,000

6.            Mercedes GL6 motor vehicle valued at approximately $300,000

7.            A Bentley motor vehicle valued at approximately $350,000

8.            A Rolls Royce Phantom motor vehicle valued at approximately $475,000

9.            A fleet of Mercedes.

10.          Substantial household goods and effects valued approximately $200,000

LIST OF COMPANIES IN WHICH HE HAS MAJOR SHAREHOLDING

1.            Linchen Dale Village (Pvt) Ltd

2.            Padley Investments (Pvt) Ltd

3.            Magnet Metal & MFRS (Pvt) Ltd

4.            Native Investments Africa Group (Pvt) Ltd

5.            Pinnacle Property Holdings (Pvt) Ltd

6.            Rectitude Investments (Pvt) Ltd

7.            Rural & Urban Investments (Pvt) Ltd

8.            Total Communications (Pvt) Ltd

9.            Tainbos Investments (Pvt) Ltd

10.          Phillip Chiyangwa Family Trust (Pvt) Ltd

11.          Bovine Hides & Sign Procurement @ Export (Pvt) Ltd

12.          Sensene Investments (Pvt) Ltd

13.          Dispark Enterprises (Pvt) Ltd

14.          Raulgrade Investments (Pvt) Ltd

15.          Kiliman Investments (Pvt) Ltd

16.          Brighthouse Investments (Pvt) Ltd

17.          Kenwood Investments (Pvt) Ltd

18.          Gabroc Enterprises (Pvt) Ltd

19.          Jetmaster (Pvt) Ltd

20.          Ripley (Pvt) Ltd

21.          G.A. Investments (Pvt) Ltd

22.          Shawdene (Pvt) Ltd

23.          Ukubambana-Kubatana Investments (Pvt) Ltd

24.          Building Suppliers (Pvt) Ltd

25.          Stoneridge Estate

26.          Pledgwick (Pvt) Ltd

27.          Clear Horizon Creations (Pvt) Ltd

28.          Halgor Estates (Pvt) Ltd

29.          Finwood Investments (Pvt) Ltd

30.          Value Quest Investments (Pvt) Ltd

31.          Carey Farm (Pvt) Ltd

32.          Ndarama Assets Management (Pvt) Ltd

33.          Silkwood Engineering (Pvt) Ltd

34.          Worldwide Investments (Pvt) Ltd

35.          Ecofin Asset Management (Pvt) Ltd

36.          Smasvalve Enterprises (Pvt) Ltd

37.          Kufela Investments (Pvt) Ltd

38.          Critall Hope Limited (Pvt) Ltd

39.          Glory Car Hire (Pvt) Ltd

STANDS, FARMS ETC

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1.            Stand 422 Quinnington Township of Lot AD Quinnington measuring 4128 square metres, Salisbury DT 8683/97, DT 7155/2002.

2.            Stand 707 being remainder of Subdivision C of the Grange measuring 60, 6869 hectares held under DT8322/2005.3. Stand 2453 Hatfield Township of Subdivision D of Subdivision B of Hatfield held under DT2686/2009 dated 22 May 2009.

3.            Property held under DT 1001/2007.

4.            Remainder of Stoneridge in Salisbury measuring 586, 7149 hectares held under DT 5428/2001.

5.            Lot 1 of stand 223 of Quinnington township of Lot 1A Quinnington measuring 1, 6239 hectares held under DT 5929/1971, DT 3840/1988, DT 5418/2005 dated 23 June 2005.

6.            Stand 19682 Harare Township of Stand 19675 Harare Township measuring 6, 1884 hectares held under DT 2037/59 dated 16 April 1959, DT 2688/09 dated 22 May 2009 and DT 5128/09.

7.            Lot 1 of Lot 16A of Reitfontein measuring 4164 square metres held under DT 216/2013, DT 1614/58 and DT 1862/87 dated 26 March 1987.

8.            Stand 65 Colne Valley Township 5 of Lot 7A Colne Valey measuring 7,5956 hectares held under DT 2037/59 and DT 2888/2009.

9.            Stand 19682 Harare Township of Stand 19675 Harare Township measuring 6, 1884 hectares held under DT 2685/2009.

10.          Stand 3789 Salisbury Township of stand 4450 Salisbury measuring 9959 square metres held under DT2685/2009.

11.          Lot 3 of Delnadamph Estate measuring 5, 105 square metres held under DT 2683/09.

12.          Stand 2453 Hatfield Township of Subdivision D of Hatfield measuring 2, 2876 hectares held under DT 2686/2009.

13.          Stand 389 Derbyshire Township of Subdivision E of Derbyshire measuring 25, 8304 hectares held under DT8209/99.

14.          Lot AD Quinnington measuring 5, 4867 hectares.

15.          Stand 426 Quinnington Township of Lot AD Quinnington measuring 4002 square metres held under DT3532/56, DT 2770/83 and DT 8687/97.

16.          Stand 402 Quinnington Township of Lot AD Quinnington held under DT 3499/93, DT 2770/83 and DT 750/2002.

17.          Stand 3701 Salisbury Township of stand 4450 Salisbury measuring 1190 square metres held under DT 3455/48 and DT 5525/2007.

18.          Property known as 26 Fleetwood Road, Alexandra Park.

19.          Stand 120 Quinnington Township of Subdivision K of Quinnington of Borrowdale Estate measuring 86223 square metres held under DT3248/48, DT 785/56 and DT 7831/87.

20.          Stand 121 Quinnington Township of subdivision K of Quinnington Township of Borrowdale Estate measuring 8135 square metres held under DT 3248/48, DT 3993/78 and DT 6855/85.

21.          Stand 311 Quinnington township of lot 1A Quinnington measuring 23632 hectares held under DT 5285/73, DT 5897/85 and DT 2658/2002.

22.          Subdivision 1 of Wilbered in Zvimba District of Mashonaland West Province measuring 1331.20 hectares.

23.          Remainder of Stoneridge measuring 586, 7149 hectares held under DT1465/75 and DT5428/01.

24.          Subdivision A of Subdivision A of Stoneridge measuring 13, 4188 hectares held under DT 25369/30, DT 1465/75 nad DT 5428/01.

25.          Subdivision A of Odar measuring 8, 2283 hectares held under DT 25703/30, DT 1465/75 and DT 5428/01.

26.          Subdivision 1 OF Sinoia Citrus in Makonde District of Mashonaland West Province measuring 3477 hectares.

27.          Lot 1 of Lot 1 of Fern Rock Block C of Hatfield Estate measuring 40952 sqm held under DT 391/58 and DT 392/58.

28.          Stand 532 Derbyshire Township of Shortson measuring 7 544 square metres

29.          Piece of land in Salisbury Shortson measuring 72 3652 hectares held under DT 2685/94 and DT 6238/2004.

30.          Property in Chinhoyi held under DT 1674/63

31.          Sinoia Drift Farm, Chinhoyi measuring 901, 05 hectares held under DT 5709/85.

32.          Sangwe farm, Chinhoyi measuring 845,67 hectares held under DT109/29.

33.          Olympus farm, Chinhoyi measuring 2812,86 hectares.

34.          Old citrus farm, Chinhoyi measuring 1416, 124 hectares held under DT 1674/63

35.          Strathcona farm, Chinhoyi measuring 1416,124 hectares held under DT 3924/94.

36.          North Umzari farm Chinhoyi measuring 600, 217 hectares.

37.          Remainder of subdivision A of Stoneridge measuring 589,5874 hectares held under DT 1567/46, DT 3634/03, DT 5021/07 and DT 5631/07.

38.          Remainder of subdivision A of Stoneridge measuring 586,8960 hectares held under DT 5021/07 in favour of Pinnacle Holdings (Pvt)Ltd.

39.          Lot 11 of Lot AB Quinnington measuring 8902 square metres held under DT4011/2002

40.          Lot 1 of stand 223 of Quinnington township of Lot 1A Quinnington measuring 1, 6239 hectares held under DT 5418/05 and DT 1247/12.

41.          Property held under DT 5021/2007.

42.          Remainder of Thornicroft park of Galway Estate measuring 17, 3104 hectares held under DT1965/45, DT 1540/2010, DT 1539/10 and DT 2193/86.

43.          Stand 424 Quinnington township of Lot AD Quinnington measuring 4002 square metres held under DT 8685/97 and DT 7158/2002.

44.          Property otherwise known as No. 11 Crowhill Road, Borrowdale.

45.          Stand 420 Quinnington of Lot AD measuring 4003 square metres held under DT 8681/97 and DT 7153/2002.

46.          Stand 419 Quinnington of Lot AD measuring 4002 square metres held under DT 8680/97 and DT 7152/02.

47.          Stand 427 Quinnington of Lot AD measuring 4002 square metres held under DT 8688/97 and DT 7161/02.

48.          Stand 421 Quinnington of Lot AD measuring 5281 square metres held under DT8682/97 and DT 7154/02.

49.          Stand 418 Quinnington measuring 4056 square metres held under DT 8679/97 and DT 7151/02.

50.          Stand 423 Quinnington measuring 5933 square metres held under DT 8684/97 and DT 7157/02.

51.          Stand 425 Quinnington measuring 4002 square metres held under DT 8686/97 and DT 7159/02.

52.          Stand 426 Quinnington measuring 4002 square metres held under DT 2770/83, 8687/97 and DT 7160/02.

53.          Stand 422 Quinnington measuring 4128 square metres held under DT 8683/97 and DT 7155/02.

54.          Stand 428 Quinnington measuring 4048 square metres held under DT 8689/97 and DT 7156/02.

55.          STAND 3052 Bluffhill Township of Lot 13 of Bluffhill measuring 3, 7919 hectares held under DT4940/2006.

56.          Remainder of Lot H Borrowdale Estates situated in the district of Salisbury held under DT2844/90.

57.          Remainder of stand 24 of Lot C of Borrowdale Estate measuring 1, 0959 hectares held under DT 11252/2003.

58.          Remainder of Lot 1 of stand 24 of lot C Borrowdale estate measuring 4067 square metres held under DT 3212/2003.

59.          Properties under Brighthouse Investment P/L.

60.          Stand 3523 Chinhoyi Township measuring 850 square metres in district Lomagundi held under DT 6952/2006.

61.          Stand 418 Quinnington measuring 4056 square metres held under DT 8679/97 and DT 8656/05.

62.          Property held under DT3840/1988.

63.          Property held under DT 5418/2005.

64.          Stand 7753 Salisbury Township of stand 4839 Salisbury Township measuring 2, 1194 hectares held under DT 9423/2000 and DT 1771/2003, Phillip Chiyangwa Trust.

65.          Stand 625 Mandara Township 16 of Lot 7A Mandara measuring 6, 6867 hectares held under DT 1592/75 and DT 3432/2009. Pinnacle Property P/L.

66.          Stand 2453 Hatfield Township of Subdivision B of Hatfield held under DT 2686/2009 and DT 2688/2009.

67.          Stand 19682 Harare Township of stand 19675 measuring 6, 1184 hectares held under DT 2614/2009.

68.          Stand 3789 Salisbury Township of stand 4450 Salisbury measuring 9959 square metres held under DT 2685/09.

69.          Remainder of Lot 3 of Delnadamph Estate measuring 5105 square metres held under DT2683/2009.

70.          Stand 65 Colne Valley Township 5 of Lot 7A Colne Valley measuring 7, 5956 hectares held under DT 2037/59.

71.          STAND 19682 Harare Township of stand 19675 Harare Township measuring 6, 1884 hectares held under DT2614/2009.

72.          Stand 3789 Salisbury township of stand 4450 Salisbury township measuring 9959 square metres held under DT 2685/2009.

73.          Remainder of Lot 3 Delmadamph estate measuring 5105 square metres held under DT 2683/2009.

74.          Stand 2453 Hatfield Township of subdivision b Hatfield measuring 2, 2876 hectares held under DT 2686/2009.

75.          STAND 389 Derbyshire township of subdivision E of Derbyshire measuring 25 8304 hectares held under DT 8209/99.

76.          Property held under DT 2888/2009.

77.          Property held under DT 2688/2009.

78.          Stand No. 7753 Salisbury Township of portion of stand 4839 Salisbury Township of Salisbury Township Lands held under DT 2246/47 and DT 9423/2000.

79.          Lot 57 of Meyrick Park of Mabelreign in Salisbury measuring 1, 0553 hectares held under DT 2460/96 and DT 8442/90.

80.          Stand 3507-3544 Chinhoyi township of Chinhoyi being residential Park medium density housing development of 38 units residential stands measuring 6, 0505 hectares valued at $675,000.00 as at 31 May 2008.

81.          Lot 11 of Bluffhill, corner Northolt Drive and Lavenham Drive , East Bluffhill. A cluster of 120 units of residential stands with water supply and sewer connected and borehole drilled measuring 1, 0065 hectares and valued at $5,940 000.00 as at 31 May 2008.

82.          Stand 3051 of Bluffhill, corner Northolt Drive and Lavenham Drive East Bluffhill being a cluster development of 57 units with water and sewer connected and borehole drilled measuring 1, 7385 hectares valued at $10,260 000.00 as at 31 May 2008.

83.          Stand 3052 of Bluffhill, corner Northolt Drive and Lavenham Drive East Bluffhill being a primary school built on a stand measuring 3, 7919 hectares and valued at $6 300 000.00 as at 31 May 2008.

84.          Remainder of Lot 13 Bluffhill, Corner Northolt drive and Lavenham Drive East, Bluffhill being a secondary school with 23 cluster houses and 36 Duplex Flats built on a stand measuring 7, 5291 hectares and valued at $19 300 000.00 as at 31 May 2008.

85.          Stand 3341 Kadoma Township (stand 2620-3340 Blue Ranges) Kadoma being a residential development with 693 stands/units measuring 20,7900 hectares and valued at $1 600 000.00 as at 31 May 2008.

86.          Stand 1-504 Eyecourt Township of Nyarungu estate being a development with a shopping centre, hotel/motel, and industrial stands measuring 46, 1270 hectares valued at $7 320 000.00 as at 31 May 2008.

87.          Stand 389 of Derbyshire Township being a development with a shopping centre and industrial site measuring 7,2287 hectares valued at $1 210 000.00 as at 31 May 2008.

88.          Stand 19345 harare township beong a development with residential stands measuring 10, 000 hectares and valued at $5 000 000.00 as at 31 May 2008.

89.          Stand 913 Mandara Township being a cluster development of 26 units measuring 3, 1634 hectares valued at $7 840 000.00 as at 31 May 2008.

90.          Subdivision C of The Grange (stands 566-712 the Grange Township) off Beeston avenue, a development with a five star hotel, 496 cluster homestead properties and 43 low density residential stands in total measuring 307, 957 hectares and valued at $12 010 000.00 as at 31 May 2008.

91.          The remainder of Stoneridge a mixed use development with a shopping centre, institutions and residential developments measuring 586,7145 hectares and valued at $36 150 000.00 as at 31 May 2008.

92.          Subdivision A of Stoneridge an agric-residental development measuring 8, 2283 hectares and valued at $1 340 000.00 as at 31 May 2008.

93.          Subdivision A of Arda an agri-residental development measuring 8, 2283 hectares and valued at $820 000.00 as at 31 May 2008

94.          Stand 289 Willowvale Township, an industrial stand with 14 units measuring 0.9752 hectares and valued at $200 000.00 as at 31 May 2008.

95.          STAND 10050 Chinhoyi Township being a hotel site measuring 1.4430 hectares and valued at $220 000.00 as at 31 May 2008.

96.          Lot 8 of Hunyani, a hotel site IN Chinhoyi measuring 29.9077 hectares and valued at $4 490 000.00 as at 31 May 2008.

98. Stand 7538 Gweru Township in Gweru, a hotel site measuring 4.9534 hectares and valued at $920 000.00 as at 31 May 2008.

97.          Stand 8432 Gweru Township in Gweru, a hotel site measuring 4.5934 hectares and valued at $390 000.00 as at 31 May 2008.

98.          The remainder of subdivision A of stoneridge a mixed use development with a shopping centre, institutions and residential developments measuring 586,8960 hectares and valued at $63 480 000.00 AS AT 31 May 2008.

99.          The remainder of Arda Farm being a mixed use development with a shopping centre, institutions and residential developments measuring 605,8092 hectares and valued at $75 730 000.00 as at 31 May 2008.

100.        The remainder of A of the rest being a mixed use development with a shopping centre, institutions and residential developments measuring 1456,1440 hectares and valued at $36 400 000.00 AS AT 31 May 2008.

101.        Stand 625 Mandara Township being a mixed use development with a shopping centre, institutions and residential developments measuring 6,6860 hectares abd valued at $3 340 000.00 as at 31 May 2008.

102.        Stand 27406 Masvingo Township being a hotel on a stand measuring 1.9879 hectares and valued at $280 000.00 as at 31 May 2008.

103.        A mixed use development with a shopping centre, institutions and residential developments in Kasese Township of Kariba measuring 65, 5325 hectares and valued at $7 910 000.00 as at 31 May 2008.

104.        A lodge called Victoria Falls lodge in Victoria Falls built on a stand measuring 0.8000 hectares and valued at $320 000.00 as at 31 May 2008.

105.        Stands 418-428 Quinnington Township of Lot AD Quinnington Borrowdale, Harare a development with 12 units of residential stands serviced with 7 boreholes and 3 reservoirs of water

106.        Stand 288 Willowvale Township an industrial property measuring 0.6792 hectares and valued at $140 000.00 as at 31 May 2008.

107.        Block D Avondale Township being an office complex in Broadlands with 1400 square metres with lettable office space on a stand measuring 0.1980 hectares and valued at $2 800 000.00 as at 31 May 2008.