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Makamba’s Woes Mount As He Loses Posh Johannesburg Property To Debtors

James Makamba’s luxurious Johannesburg property could soon be attached by Absa Bank to recover a $4,5 million (R59 million) debt owed by the Zimbabwe businessman.

The debt is understood to have mounted in mortgage, credit card and vehicle financing accounts the businessman opened with Absa Wealth Unit.

Sources close to Makamba said the 66-year-old businessman had tried to make a payment of $1 million to a local account nominated by Absa in October last year, by making use of Treasury instruments he holds worth $20 million.

However, Makamba refused to comment on the matter yesterday.

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