Harare City Council has signed a Memorandum of Understanding with Pinnacle Holdings paving way for the regularisation of more than 60 000 Harare South properties.
Speaking at a formal signing ceremony held at Town House, Mayor Herbert Gomba said the move by the Pinnacle Holdings Group would ensure clarity in terms of stand allocation.
“This will ensure that our people will start to live in a habitable environment where there is infrastructure that is approved by the city.
“We appreciate the coming in of Chiyangwa and his Company as this partnership will guarantee the betterment of our City.”
The founder of Pinnacle Holdings Phillip Chiyangwa said the initiative would assist in stopping the illegal parcelling of land.
“Residents who would like to settle in this locality will have to go through the correct verification procedures from the council and get the right documents.”
He said Pinnacle will ensure tight security is put in place to stop barons from stealing.
Bonafide stand owners will be issued with temper proof security cards.