High Court Warns on Property Loan Schemes

A Harare High Court ruling invalidated an alleged US$80,000 property sale, revealing it as a disguised loan arrangement and issuing a strong warning to borrowers and lenders. The decision targets the predatory lending practice using fake 'sales' to circumvent foreclosure laws. It exposes a vulnerability in Zimbabwe's informal credit market, leaving lenders now facing unenforceable contracts and borrowers caught in legal limbo.