VP Msika's Will Revealed, Estate Valued At USD$320 000
Published: 2016 March 21 06:12:43 (5961 Views)
Revelations have been made that the late Vice President Joseph Msika left behind an estate valued at USD$320 000 after serving for almost a decade as President Robert Mugabe's deputy.
According to the late VP's last will signed on June 18, 2009, the estate comprises four immovable properties, some shares on listed companies, farm implements and a private company, Gumtree.
Msika's four immovable properties were evaluated by Preferred Properties in 2010 and found to be worth $195 000.
The properties include a Highlands home valued at $60 000, Gumtree Claremont Plot in Bulawayo valued at $30 000, a Matshemuhlope home in Bulawayo valued at $45 000 and Ndire Farm (Concession) then valued at $60 000 of which all were left to his wife.
Maria will also have access to her husband’s Old Mutual insurance policy, whose value was not disclosed, cash savings worth $2 278,72 in a Standard Chartered Bank account, $11 147,92 in a Standard Chartered Bank current account, 400 Old Mutual shares and 1 032 Econet shares.
The Econet stocks should now stand at 10 320 after the company split its shares recently.
The late VP also created Tapfuma Trust, which will take care of Wilfred Msika's family, Benitha Msika's family, Lucia Tambudzai Msika's family, Shelton Msika's family, Maxwell Taguma's Msika family and Thabani Msika's family.
The trust will take over all the properties left to Maria upon her death, control the farm enterprise, which by 2010 had 120 cattle, five tractors, a Steyr 7 tonne truck, a Mazda T35 truck and the village homesteads.
- News Day
According to the late VP's last will signed on June 18, 2009, the estate comprises four immovable properties, some shares on listed companies, farm implements and a private company, Gumtree.
Msika's four immovable properties were evaluated by Preferred Properties in 2010 and found to be worth $195 000.
The properties include a Highlands home valued at $60 000, Gumtree Claremont Plot in Bulawayo valued at $30 000, a Matshemuhlope home in Bulawayo valued at $45 000 and Ndire Farm (Concession) then valued at $60 000 of which all were left to his wife.
Maria will also have access to her husband’s Old Mutual insurance policy, whose value was not disclosed, cash savings worth $2 278,72 in a Standard Chartered Bank account, $11 147,92 in a Standard Chartered Bank current account, 400 Old Mutual shares and 1 032 Econet shares.
The Econet stocks should now stand at 10 320 after the company split its shares recently.
The late VP also created Tapfuma Trust, which will take care of Wilfred Msika's family, Benitha Msika's family, Lucia Tambudzai Msika's family, Shelton Msika's family, Maxwell Taguma's Msika family and Thabani Msika's family.
The trust will take over all the properties left to Maria upon her death, control the farm enterprise, which by 2010 had 120 cattle, five tractors, a Steyr 7 tonne truck, a Mazda T35 truck and the village homesteads.
- News Day
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