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EX-SENATOR’S BID TO STOP E47M PROPERTIES AUCTION

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MBABANE – Former Senator Thandi Maziya is seeking to stop SwaziBank from allegedly selling her company’s E47 million properties to recover a debt of slightly over E2 million.


The properties are Portion 158 of Portion 147 Farm No.50 situated in Ezulwini, measuring 1.3 hectares and Portion 52 of Farm Tubungu No.300 which is 9 999 square metres.
The Ezulwini property, according to Maziya, is valued at E43 031 172, while the one in Tubungu is worth E4 400 000.
SwaziBank was scheduled to conduct an auction last Friday to dispose of the two properties belonging to the former senator’s company.


The reserve price, as it appears in the notice of sale, was E20 million in respect of Portion158 of Farm 50 and that of the Tubungu property was E1 600 000.
The auction has been temporarily stopped pending determination an urgent application Maziya has filed at the High Court. Maziya, who is the director of The Parklands Group (Pty) Ltd, is seeking an order declaring the notice of sale null and void.


She also wants the court to set aside the writ of attachment and notice of sale. Maziya argued that the notice culminated from the issuance of an order on June 25, 2014, compelling her company to pay the bank a sum of E2 333 051.16.
The veracity of these allegations is still to be tested in court. Maziya is represented by Dumisa Khumalo of Howe Masuku Nsibande Attorneys.
SwaziBank filed a notice of intention to oppose. Maziya said the order was made after the bank issued summons demanding payment of a sum of E3 736 979.32, which it now seeks to recover through the auction.


However, Maziya argued that this was not the amount which the court ordered her or her company to pay the bank but the sum of E2 333 051.16. “The respondent (SwaziBank) has proceeded, to my surprise to endorse the writ, notice of attachment and notice of sale for a judgment it did not obtain in the aforesaid court process. The amount they seek to recover is the amount of E3 736 979.32, instead of that ordered by the court,” Maziya submitted.

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