NRZ Denies It Owns London Properties Being Milked By Secret Cartels- ZimEye

By A Correspondent|ZimEye|Harare, Zimbabwe— The National Railways of Zimbabwe (NRZ) has truly emphatically refuted present claims distributing on social media websites that the corporate has abandoned properties in London which have truly allegedly come below the arms of cartels. In a principal declaration launched on August 25, 2024, the NRZ cleared up quite a few false impressions relating to its residential or business property holdings, each in your space and globally.

According to the declaration, NRZ doesn’t possess any kind of shares, properties, or have any kind of straight or oblique relate to the London Stock Exchange or any kind of properties within theUnited Kingdom The firm careworn that it has no management over any kind of properties outdoors Zimbabwe, disproving the instances made by some social media websites people that NRZ has UK-based properties.

The NRZ has truly moreover resolved the common complication in between itself and the NRZ Contributory Pension Fund, particularly regarding residential or business property possession. The firm described that whereas it’s the funding firm of the Pension Fund, it doesn’t very personal or deal with any one of many Fund’s properties, both regionally or overseas. The declaration repeated that the Pension Fund’s properties, consisting of abroad properties, are individually dealt with and the earnings are made use of to revenue the Fund’s members.

The NRZ declaration, nonetheless, falls brief to disclose the identifications of people that presently regulate plus those who make the most of earnings from the pension plan fund’s properties.

As ZimEye stays to hunt them for a comment, the NRZ has truly moreover shot down information that it has and has lawful civil liberties to land extending roughly 2 kilometers on both aspect of practice strains inZimbabwe

The acceptable lawful setting, as talked about by the NRZ, is that simply 45 meters of arrive at both aspect of the practice tracks is thought of Railway Reserve Land, marked for future practice progress. Additionally, the corporate validated that it doesn’t possess any kind of land in Johannesburg or any kind of properties in Zambia and Botswana.

The NRZ moreover equipped historic context, retaining in thoughts that properties when had by the now-defunct Rhodesia Railways, that included properties in Zimbabwe, Botswana, and South Africa, had been dispersed amongst follower entities, consisting of Zambia Railways Limited and NRZ. These properties had been dealt with by a joint board known as the Higher Authority, made up of reps from each Zimbabwe and Zambia.

The NRZ’s declaration is offered in response to increasing supposition and false data on social media websites techniques, particularly on X (beforehand Twitter), the place people have truly been going over the corporate’s supposed possession of world properties. The NRZ has truly seemed for to position these experiences to reside its thorough clarification.

In a declaration launched on August 25, 2024, the NRZ seemed for to make clear what it known as as “misconceptions” regarding its residential or business property holdings, each inside Zimbabwe and overseas.

NRZ’s Official Statement recommends in recap:

1. Denial of Ownership of London Properties:

• “The NRZ does not own any shares and has no direct or indirect link, right, or benefit from the London Stock Exchange. Furthermore, NRZ does not own any property in the UK as some X users have claimed.”

1. Clarification on Relationship with the NRZ Contributory Pension Fund:

• “NRZ has often been confused with the NRZ Contributory Pension Fund, especially on matters relating to property ownership both within and outside Zimbabwe. The two are separate entities that are accountable individually.”
• “NRZ has no rights nor control over properties owned by the Pension Fund. The relationship between the NRZ and the Pension Fund is that the NRZ is the sponsoring employer and as such, is adequately informed that the fund’s offshore properties are well managed and proceeds are benefiting the membership.”

1. On Claims of Extensive Land Ownership in Zimbabwe:

• “There are claims that the NRZ owns and has legal right to 2km land either side of the railway line. Nothing can be further from the truth. The correct position is that 45 metres of land either side of the tracks is regarded as Railway Reserve Land and is legally gazetted as such.”

1. Rejection of Property Ownership in South Africa, Zambia, and Botswana:

• “Further to that, the NRZ does not own an inch of land in Johannesburg and has no properties in Zambia and Botswana.”

The NRZ’s declaration complies with a wave of supposition and false data unfold on techniques like X (beforehand Twitter), the place people have truly been going over the corporate’s supposed possession of world properties, particularly within the United Kingdom.

The NRZ ended its declaration by coping with the historic context of its residential or business property possession, making clear that properties beforehand held by Rhodesia Railways had been separated amongst follower entities similar to Zambia Railways Limited and the National Railways of Zimbabwe.

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