Meet The Owner Of South Africa's Largest House, Now Up For Sale (PICS)

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 A massive house on the banks of the Vaal River in Vereeniging (60km from Johannesburg) has just been put on the market.


The so-called 'Vaal Castle', which spans 6,240m², is believed to be the biggest house in South Africa.


KENNEDY BUNGANE


The property is currently owned by the family trust of the 45-year old Kennedy Bungane, a former Absa Bank executive. Bungane told the Financial Mail that he is in a legal dispute with Absa over the sale, which he wants to prevent.


He joined Absa from Standard Bank in 2012 and served as Chief Executive of Barclays Africa with responsibility for 13 banks in the rest of the continent.


He led the sale of Barclays to ABSA in a transaction that led to the formation of Barclays Africa Group Limited in September 2013, and then led the formulation of the “One Barclays in Africa strategy.


THE PROPERTY


- The property has a 9-hole golf course

- a large amphitheatre

- a boat house at the river and its own dam


- the house itself has three floors, a staff annex, 8 bedroom suites, 5 living rooms, a "music room" and vaulted safe rooms in case of attack

- "regal" fixtures and fittings

- outdoor pool and a heated indoor pool

- a steam room and a gym

- there's an elevator connecting the floors

- the rooms have views of the Vaal River


- the house has a massive dining hall, with chairs embroidered with a "B", presumably for Bungane

- the main suite has its own kitchen, lounge and dining area

- the massive basement has four entertainment or conference venues, as well as "the structural framework for a generously proportioned home cinema".







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