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 actually emphatically refuted current claims distributing on social media sites that the company has deserted homes in London that have actually allegedly come under the hands of cartels. In a main declaration launched on August 25, 2024, the NRZ cleared up numerous false impressions regarding its residential or commercial property holdings, both in your area and globally.

According to the declaration, NRZ does not possess any type of shares, homes, or have any type of straight or indirect relate to the London Stock Exchange or any type of homes in theUnited Kingdom The company stressed that it has no control over any type of homes outside Zimbabwe, disproving the cases made by some social media sites individuals that NRZ has UK-based properties.

The NRZ has actually additionally resolved the regular complication in between itself and the NRZ Contributory Pension Fund, specifically concerning residential or commercial property possession. The company described that while it is the funding company of the Pension Fund, it does not very own or handle any one of the Fund’s homes, either locally or abroad. The declaration repeated that the Pension Fund’s properties, consisting of overseas homes, are individually handled and the profits are made use of to profit the Fund’s participants.

The NRZ declaration, nevertheless, falls short to reveal the identifications of individuals that presently regulate plus those that take advantage of profits from the pension plan fund’s properties.

As ZimEye remains to seek them for a remark, the NRZ has actually additionally shot down records that it has and has lawful civil liberties to land extending approximately 2 kilometers on either side of train lines inZimbabwe

The appropriate lawful setting, as mentioned by the NRZ, is that just 45 meters of arrive at either side of the train tracks is thought about Railway Reserve Land, marked for future train growth. Additionally, the company validated that it does not possess any type of land in Johannesburg or any type of homes in Zambia and Botswana.

The NRZ additionally supplied historic context, keeping in mind that homes when had by the now-defunct Rhodesia Railways, that included properties in Zimbabwe, Botswana, and South Africa, were dispersed amongst follower entities, consisting of Zambia Railways Limited and NRZ. These properties were handled by a joint board referred to as the Higher Authority, made up of reps from both Zimbabwe and Zambia.

The NRZ’s declaration is available in reaction to expanding supposition and false information on social media sites systems, specifically on X (previously Twitter), where individuals have actually been going over the company’s supposed possession of global homes. The NRZ has actually looked for to place these reports to reside its thorough explanation.

In a declaration launched on August 25, 2024, the NRZ looked for to clarify what it called as “misconceptions” concerning its residential or commercial property holdings, both within Zimbabwe and abroad.

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 information spread on systems like X (previously Twitter), where individuals have actually been going over the company’s supposed possession of global homes, specifically in the United Kingdom.

The NRZ ended its declaration by dealing with the historic context of its residential or commercial property possession, making clear that properties previously held by Rhodesia Railways were separated amongst follower entities such as Zambia Railways Limited and the National Railways of Zimbabwe.

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