MOSES MOTSA’S PROPERTY BEING AUCTIONED FOR E8M

MBABANE – A property, where well known businessman Moses Motsa has been cited as respondent, will go under the hammer for E8 million.

In a notice of sale dated May 24, 2018 it has been revealed that the property located at Ezulwini Township will be auctioned pursuant to a writ of execution in the matter between Nedbank Swaziland and Moses Boy Motsa (first defendant) and Landscape Turf and Irrigation Services (Pty) Ltd.

The property is located on portion 150 (a portion of portion 102) of farm number 50 which measures 2, 9465 square metres. It will be auctioned on Friday, July 6, 2018 starting from 11:30 am at the High Court premises.   
Nedbank Swaziland (PTY) Limited demanded over E1.5 from Motsa and the company.

Through its attorneys from Robinson Bertram, the bank instituted legal proceedings against the businessman and company.
Cited as the second respondent in the matter is Landscape and Irrigation Services (Proprietary) Limited.  According to summons issued by the bank, Motsa used the company as surety when he allegedly borrowed the money from it.

“The plaintiff’s (Nedbank Swaziland) claim against the company is for payment of the sum of E1 568 056.71 being monies lent by the plaintiff and advanced to Motsa under a mortgage loan facility in October 2010,” reads part of the summons.
It alleged that despite several requests and reminders, Motsa had allegedly refused, neglected and/or refused to pay the money to the bank.

According to the summons, Motsa and the company were jointly and severally liable to pay the money.
The bank wanted the court to compel or direct Motsa and the company to pay the amount of E1 568 056 .71 at the prime rate of less five per cent per annum from the date of issue of the summons to date of final payment.

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