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Rupert loses R1.3bn valuation battle
Summary by Sunday World
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Rupert loses R1.3bn valuation battle
Billionaire business mogul Johann Rupert was dealt a major blow after his luxurious Leopard Creek estate lost a R1.3-billion property valuation dispute with Nkomazi Municipality in Mpumalanga. The Valuations Appeal Board for the district of Ehlanzeni handed a significant victory to the rural municipality following years of litigation over the value of Rupert’s sprawling luxury estate bordering the Kruger National Park. The Valuations Appeal Boar…
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