NRZ Denies It Owns London Properties Being Milked By Secret Cartels
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 residential or business properties in London which have truly supposedly fallen beneath the fingers of cartels. In a most important declaration launched on August 25, 2024, the NRZ made clear various false impressions regarding its house holdings, each in your space and worldwide.
According to the declaration, NRZ doesn’t possess any kind of shares, residential or business properties, or have any kind of straight or oblique relate to the London Stock Exchange or any kind of residential or business properties within theUnited Kingdom The firm highlighted that it has no management over any kind of residential or business properties exterior Zimbabwe, exposing the circumstances made by some social media websites people that NRZ has UK-based possessions.
The NRZ has truly moreover handled the fixed complication in between itself and the NRZ Contributory Pension Fund, significantly regarding house 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 residential or business properties, both domestically or overseas. The declaration acknowledged that the Pension Fund’s possessions, consisting of abroad residential or business properties, are individually dealt with and the earnings are utilized to revenue the Fund’s contributors.
The NRZ declaration, nonetheless, falls quick to disclose the identifications of people that presently handle plus those who benefit from earnings from the pension plan fund’s possessions.
As ZimEye stays to hunt them for a comment, the NRZ has truly higher shot down information that it has and has lawful civil liberties to land extending as a lot as 2 kilometers on both facet of practice strains inZimbabwe
The acceptable lawful placement, as specified by the NRZ, is that simply 45 meters of come down on both facet of the practice tracks is considered Railway Reserve Land, assigned for future practice development. Additionally, the corporate verified that it doesn’t possess any kind of land in Johannesburg or any kind of residential or business properties in Zambia and Botswana.
The NRZ moreover provided historic context, retaining in thoughts that residential or business properties when had by the now-defunct Rhodesia Railways, that included possessions in Zimbabwe, Botswana, and South Africa, had been dispersed amongst follower entities, consisting of Zambia Railways Limited and NRZ. These possessions had been dealt with by a joint board known as the Higher Authority, made up of brokers from each Zimbabwe and Zambia.
The NRZ’s declaration is obtainable in suggestions to increasing supposition and false info on social media websites techniques, particularly on X (beforehand Twitter), the place people have truly been reviewing the corporate’s claimed possession of worldwide residential or business properties. The NRZ has truly regarded for to position these reviews to reside its complete info.
In a declaration launched on August 25, 2024, the NRZ regarded for to make clear what it described as “misconceptions” regarding its house 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 complies with a wave of supposition and false info unfold on techniques like X (beforehand Twitter), the place people have truly been reviewing the corporate’s claimed possession of worldwide residential or business properties, particularly within the United Kingdom.
The NRZ ended its declaration by coping with the historic context of its house possession, clearing up that possessions beforehand held by Rhodesia Railways had been separated amongst follower entities akin to Zambia Railways Limited and the National Railways of Zimbabwe.
For the latest developments, stay tuned to our recurring safety of this story.
