Published: 05 July 2013

The government has taken swift action to block the seizure of its assets in South Africa under various court rulings by conferring diplomatic immunity. It has conferred diplomatic immunity on three Cape Town residential buildings it owns.

This property in Kenilworth is owned by the Zimbabwe government and is worth up to R4-million.

This emerged following last week's landmark judgment by South Africa's Constitutional Court confirming that white farmers who had lost their farms in Zimbabwe could sue in the South African courts for compensation and attach Zimbabwe ­government assets here.

Willie Spies, the legal spokesperson for  AfriForum and the farmers' attorney, said this week his clients would probably hold a sale in execution of the Kenilworth property, which would be disposed of at auction. 
- M & G

You might also want to read this

• Zimbabwe's new MPs to declare assets
• Beware of safe haven assets, fair value adjustments tend to burn later on
• New fees for asset management firms on cards
• Multi-currency to anchor Zim Asset