NRZ Denies It Owns London Properties Being Milked By Secret Cartels
By A Correspondent|ZimEye|Harare, Zimbabwe— The National Railways of Zimbabwe (NRZ) has really emphatically rejected present claims flowing on social networks that the corporate has abandoned residential or industrial properties in London which have really allegedly come below the arms of cartels. In a major declaration launched on August 25, 2024, the NRZ made clear a lot of misunderstandings regarding its residential or industrial property holdings, each in your space and globally.
According to the declaration, NRZ doesn’t possess any sort of shares, residential or industrial properties, or have any sort of straight or oblique relate to the London Stock Exchange or any sort of residential or industrial properties within theUnited Kingdom The firm highlighted that it has no management over any sort of residential or industrial properties outdoors Zimbabwe, unmasking the instances made by some social networks people that NRZ has UK-based properties.
The NRZ has really moreover resolved the fixed complication in between itself and the NRZ Contributory Pension Fund, notably pertaining to residential or industrial property possession. The firm described that whereas it’s the funding firm of the Pension Fund, it doesn’t very personal or handle any one of many Fund’s residential or industrial properties, both domestically or overseas. The declaration repeated that the Pension Fund’s properties, consisting of abroad residential or industrial properties, are individually dealt with and the earnings are made use of to revenue the Fund’s individuals.
The NRZ declaration, nonetheless, falls brief to disclose the identifications of people that presently handle plus people 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 really moreover shot down information that it has and has lawful civil liberties to land extending roughly 2 kilometers on both aspect of practice traces inZimbabwe
The proper lawful setting, as talked about by the NRZ, is that simply 45 meters of come down on both aspect of the practice tracks is thought of Railway Reserve Land, marked for future practice development. Additionally, the corporate verified that it doesn’t possess any sort of land in Johannesburg or any sort of residential or industrial properties in Zambia and Botswana.
The NRZ moreover provided historic context, conserving in thoughts that residential or industrial properties when possessed 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 referred to as the Higher Authority, made up of brokers from each Zimbabwe and Zambia.
The NRZ’s declaration is on the market in suggestions to increasing supposition and false data on social networks techniques, particularly on X (beforehand Twitter), the place people have really been speaking in regards to the firm’s claimed possession of worldwide residential or industrial properties. The NRZ has really appeared for to put these reviews to reside its in-depth clarification.
In a declaration launched on August 25, 2024, the NRZ appeared for to make clear what it referred to as as “misconceptions” regarding its residential or industrial property holdings, each inside Zimbabwe and overseas.
NRZ’s Official Statement recommends in recap:
- 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.”
- 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.”
- 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.”
- 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 adheres to a wave of supposition and false data unfold on techniques like X (beforehand Twitter), the place people have really been speaking in regards to the firm’s claimed possession of worldwide residential or industrial properties, particularly within the United Kingdom.
The NRZ ended its declaration by attending to the historic context of its residential or industrial property possession, clearing up that properties beforehand held by Rhodesia Railways had been break up amongst follower entities corresponding to Zambia Railways Limited and the National Railways of Zimbabwe.
For the freshest developments, stay tuned to our steady insurance coverage protection of this story.
