Waterfall Equestrian Estate Snubs Billionaire Xolane Ndhlovu’s Mansion Plans
The proposed "St. Ziggy" was envisioned as a palatial 15-bedroom residence
In a rather surprising turn of events, South Africa’s most exclusive residential estate, Waterfall Equestrian Estate, has rejected a colossal mansion proposal from billionaire Xolane Ndhlovu.
The proposed “St. Ziggy” was envisioned as a palatial 15-bedroom residence, complete with a private airstrip, casino, spa, and a host of other extravagant amenities.
Ndhlovu, a prominent figure in the tech industry, sought a primary residence that would reflect his newfound wealth and status. However, the estate’s strict regulations and unique land tenure system proved to be stumbling blocks. While Ndhlovu was willing to compromise on the airstrip, the estate’s insistence on maintaining the building’s historical integrity proved to be a deal-breaker.
Waterfall Equestrian Estate is renowned for its exclusivity and exorbitant property prices. The estate’s land tenure system, which involves 99-year leases, is another factor that has deterred some potential buyers. Despite these challenges, the estate remains a coveted address for South Africa’s elite.
Xolane Ndhlovu, a self-made billionaire, has amassed his fortune through investments in cryptocurrency and fintech. His latest venture, DafriPremier, aims to disrupt the African financial landscape by offering innovative payment solutions.
While his mansion plans may have been thwarted, Ndhlovu’s philanthropic and entrepreneurial spirit continue to drive him to new heights.
