Mutumwa Mawere’s Bryanston Mansion to Be Auctioned for R6 Million
- Southerton Business Times
- 2 hours ago
- 2 min read
Johannesburg – The late Zimbabwean businessman Mutumwa Mawere’s luxury mansion in Bryanston, Johannesburg, is scheduled to go under the hammer for R6 million as part of his insolvent estate.
The upmarket property, located at 62 Cambridge Road in the affluent suburb of Bryanston, is being sold under sequestration after liabilities in Mawere’s estate exceeded the value of realisable assets. Under South African insolvency law, assets of a sequestrated estate are liquidated to settle outstanding debts, often leaving limited or no inheritance for beneficiaries.
Mawere, who died aged 66 on January 15, 2026, at Mediclinic Bryanston, was once one of Zimbabwe’s most prominent industrialists, with business interests spanning mining, manufacturing, agriculture, telecommunications, and media.
Luxury Features Detailed in Auction Listing
According to the property listing on Property24, the expansive 5,098m² estate is described as a “magnificent home” set within landscaped gardens. The four-bedroom residence boasts high-end amenities, including:
A swimming pool
Private tennis court
Miniature golf course
Wine cellar
Billiard room
Extra-large double garage and carport
Gazebo and two garden storerooms
Staff accommodation
A fully separate three-bedroom cottage suitable for an extended family or rental income
Financial details indicate a monthly bond repayment of R58,898 and municipal rates of R7,686.99. Once-off acquisition costs are estimated at R612,865, with a minimum gross monthly income requirement of R196,328 for prospective buyers. The property was listed for auction on February 11 and is scheduled for sale on February 25 at 11am.
Rise, Fall, and Legal Battles
Mawere built his business empire through Africa Resources Limited and SMM Holdings, growing operations across Southern Africa.
However, in 2004, his corporate interests were placed under reconstruction by the Government of Zimbabwe under the Reconstruction of State-Indebted Insolvent Companies Act. Authorities cited SMM Holdings’ insolvency, debts to state-linked entities, and allegations of fraud and foreign currency externalisation.
Mawere denied wrongdoing, insisting the move was politically motivated. He relocated to South Africa and pursued legal avenues to regain control of his companies, but was unsuccessful in overturning the reconstruction order.
Expert Insight
Johannesburg-based insolvency practitioner Thabo Ndlovu said high-value estate auctions often attract investors seeking below-market acquisitions.
“When estates are insolvent, trustees are obligated to maximise recovery for creditors. Prime properties like this typically draw strong interest, especially in established suburbs like Bryanston,” he said.
As the auction date approaches, Mawere’s Bryanston mansion stands as a symbol of both his former corporate stature and the complex financial and legal challenges that marked his later years.
Mutumwa Mawere Bryanston mansion auction
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