RONWEN INVESTMENT (PVT) LTD
SUPREME COURT OF ZIMBABWE
MALABA DCJ, ZIYAMBI JA & OMERJEE AJA
HARARE, OCTOBER 8, 2012
L Uriri, for the appellant
C Kwaramba, for the respondent
MALABA DCJ: At the end of hearing argument for both parties the court dismissed the appeal with costs. It was indicated at the time that reasons for the decision to dismiss the appeal would follow in due course. These are they.
The appellant is married in terms of the Marriages Act [Cap 5:11] to Tamuka Dimbi who is one of the directors and shareholders of the respondent company. In May 2006, the respondent company purchased stand number 3414 Mainway Meadows, Waterfalls, Harare from Way Mark Investments. The purchase price was paid in full. Development on the stand was done using the financial resources of the respondent company. The respondent company has four Directors, namely Kingsley Dumba, Tamuka Dimbi, Admire Meze and Susan Dimbi. Their shares are 40%, 40%, 10% and 10% respectively.