The Bilking Billionaire

Noseweek Issue #187, 1st May 2015   By Jack Lundin


The Bilking Billionaire

The golden Audi was a giveaway clue.

Jack Lundin discovers that a repeat rental scamster in Randburg is none other than Zimbabwe’s notorious “Cabs Billionaire” … so beware!

Mathias (Matt) Ndlovu, the gentleman squatter with the golden Audi, is at it again, driving yet another landlord to bankrupcy. But, it now transpires, he is no ordinary scamster: he is a man with a billion-dollar history.

It was breathtaking for the sheer amount – Z$432 billion. That’s how much maverick Zimbabwean financial consultant Ndlovu was alleged to have siphoned from the coffers of Central African Building Society (Cabs), Zimbabwe’s biggest building society.

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