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Acts Online News FNB sells R14m property for R10000 move

Acts Online News FNB sells R14m property for R10000 move

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... and South Africa is among the most abusive countries in the world when it comes to foreclosure, with more than 100,000 homes sold at sheriff's ...

The debt collection industry was dealt a fatal blow in March when it became illegal for companies to attempt to get someone to pay a prescribed (old) debt.

One of the outrageous abuses taking place under the noses of our courts in SA is the ability of banks to repossess homes when a customer is three months in ...

Michael Hudson is regarded by many as one of the world's best economists because of his willingness to pierce the veil of deceit that passes for modern ...

Disgraced and disbarred father and son attorneys Ronald and Darren Bobroff are on a list of the worlds' most wanted fugitives after Interpol issued Red ...

Foreclosures

Organisation Undoing Tax Abuse (Outa) has just barred SA National Roads Agency (Sanral) - which has summonsed thousands of Gauteng motorists for non-payment ...

Here's a bit of Christmas cheer: in a year when there were some notable victories (here and here) for the small guy standing up to bullying banks, ...

All 270 sheriffs around South Africa were put on notice this week that they will be held jointly and severally liable with the banks for unlawful evictions.

... Australia has heard heart-rending testimony of brutal banking practices, including cases where pensioners in their 80s were forced to sell their homes ...

After a months-long court battle BDS South Africa (BDS-SA) won a “precedent-setting” freedom of expression court case on September 11.

Herman Mashaba founded the cosmetics group Black Like Me in the teeth of apartheid oppression and has built several successful businesses since then, ...

If every debtor served with a summons defended the action, it would choke the legal system and force the banks to come up with better solutions for ...

Debtors watch out – there's a prescribed debt collection frenzy under way.

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Absa launched its new logo and image this week as part of its separation from Barclays. Visitors to Absa's head office in Joburg were greeted by a gathering ...

Popular Acts

Duduzane Zuma appeared in the Randburg magistrates court this week to answer for charges related to a 2014 car accident that resulted in the death of a ...

The latest circulation figures for print media released by the Audited Bureau of Circulation (ABC) makes for disconcerting reading.

Remember the Scorpions? The elite crime busting unit that roped in R4bn in corrupt proceeds in the last year of its operation, before it was dismantled by ...

Absa's troubles in its mortgage division just got a whole lot worse. Barely two months after losing two similar cases in the South Gauteng High Court, ...

MAXIM - A man's house should be his safest refuge

Our law will generally hold you to the agreements you make, and a suretyship is no exception. You can only free yourself from it if it “was induced by fraud ...

Jacques Pauw's new book The President's Keepers has lit up the country, with PDF versions making the rounds in case the state tries to ban the book.

Our dear friend Tony Webbstock passed away last Wednesday morning, the result of complications from a decades-long battle with diabetes and – one has to say ...

Durban-based Nav Chan started questioning FNB's eBucks rewards calculations. They just didn't make sense. Weeks later his accounts were cancelled and he ...

Three companies have been hit with fines equivalent to 10% of turnover for failing to file annual financial statements within six months of the yearend.

An employer can dismiss a worker for inappropriate, insensitive and racist content posted on social media, even if it does not have anything to do with the ...

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Ian Brakspear of Durban has been fighting his case against Nedbank for the better part of a decade. It all started when the bank foreclosed on a R7m loan he ...

Tubular Technical Construction (TTC) - part of the Tubular Group of companies - is a prominent construction and engineering company that hauled in massive ...

South African banks are about to be hit with an avalanche of more than 100 legal suits from home owners whose properties were repossessed and sold at ...

Financial Crisis Inquiry Commission

EFF leader Julius Malema wants an apology from author and journalist Jacques Pauw for his alleged ties to people in the criminal underworld.

It doesn't get more ridiculous than this. A Welkom man owes Absa Bank R1,4m after borrowing just R52,000 in 2008. Even Absa seems a bit embarrased by this ...

Recent racist remarks by EFF MP Floyd Shivambu suggest panic in the party leadership over the possible return of tax investigators to EFF supremo Julius ...

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In this article, Jeff Thomas of International Man writes of the warning by Scottish economist Alexander Tytler that all democracies end in dictatorship.

It's a shakedown that's been going on for several years in KwaZulu-Natal, but is now rearing its head in Johannesburg. Local community gangs, often armed, ...

Things are getting hot when you get the former Public Protector Thuli Madonsela coming out with her thoughts on shady home repossessions and auctions.

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MAXIMS - A contract founded upon an illegal

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In this article Armand Rinier looks at how banks and other lenders are engaging in reckless lending. The practice is so common, it would require a book to ...

I'm changing to Capitec - I've had enough of Standard Bank - Relax With Dax

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Acts Online News » Busted! Joburg man catches Standard Bank out over securitisation denial | Blog

It's an old trick of the mining game: when it comes to paying for rehabilitation of mined land, duck the liability by selling the mine or declaring ...

blackstone-private-property

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chess

... “difficult but fair”, “understandable”, “conservative” (a major bank), “the price of the Zuma-years” (an analyst), “we had no option”, “balanced act ...

As business owners struggle with the day-to-day economic realities they also face the challenge of staying abreast with the legislative environment.

Document storage company Docufile is being summonsed to court to explain what happened in the fire of 2009 when possibly hundreds of thousands of documents, ...

Jonathan Buckley of Centurion in Pretoria may be the first South African in history to win six judgments against Standard Bank in one day.

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FLISP Housing Subsidy Extends to Resale Market! - CAHF | Centre for Affordable Housing Finance Africa

In its online newsletter sent out to customers Capitec says that it ran a series of polls on its social media platforms to determine what the Capitec ...

"We were earlier this year contracted to do consultation and optimisation work on the four largest desalination plants globally. These Saudi Arabian plants ...

Source: First National Bank – www.fnb.co.za

Modest house price rise hope

Aunty Emily

17 replies 19 retweets 8 likes

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That's a pretty steep drop for a man who just two years ago had a property ...

Figure 3: Total capacity in GWth of SWHs per 1 000 inhabitants for 2007

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In the United States (US), 'stand your ground law' removes a duty to retreat from the elements of self-defence. It exists in American statutory law and ...

On December 7, a constitutional challenge to the cannabis prohibition – brought courtesy of Jeremy David Acton, leader of the Dagga Party, and experienced ...

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An explosive criminal docket opened last week by Sarah-Jane Trent of Forensics for Justice - spearheaded by forensic investigator Paul O'Sullivan - spills ...

All Finance Tax - Investing in Property - Infographic

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CAPE TOWN – In this advice column Jamey Lipschitz from Sanlam Private Wealth answers a question from a reader who is thinking of cashing in some investments ...

His death was officially said to be suicide, which his widow disputed. The film of the president's remains, which Pitzer had been carefully storing, ...

16 July 2009: SAPA reveals that the newly-appointed Communications Minister, Siphiwe Nyanda, has lost no time in splurging on not one, ...

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UBUNTU header

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Figure 1: Eskom historic and planned system expansion

This site has been a free to access site since its inception in 1985. We are proud of the fact that Acts Online is the go-to site for all South Africa acts, ...

Acts Online News » Regulator takes Standard Bank to court to stop practice of "set-off" | Blog

A couple from Meyersdale, Joburg, nearly lost their home as the bank that held the mortgage bond agreement, insisted they pay back the entire outstanding ...

A scandal involving Bank of Baroda's South Africa operations, a cabal of businessmen of Indian origin, and South African President Jacob Zuma, ...

The debt collection industry was dealt a fatal blow in March when it became illegal for companies to attempt to get someone to pay a prescribed (old) debt.

Foreclosures

0 replies 2 retweets 1 like

Absa bank was handed a stunning defeat in the South Gauteng High Court last week when its attempt to obtain summary judgment against two home owners was ...

Several people, who have each lost large amounts of money due to Internet banking fraud, are taking their fight to ABSA and Standard Bank – with legal ...

MAXIM - A man's house should be his safest refuge

... Australia has heard heart-rending testimony of brutal banking practices, including cases where pensioners in their 80s were forced to sell their homes ...

Three companies have been hit with fines equivalent to 10% of turnover for failing to file annual financial statements within six months of the yearend.

Jacques Pauw's new book The President's Keepers has lit up the country, with PDF versions making the rounds in case the state tries to ban the book.

Here's a bit of Christmas cheer: in a year when there were some notable victories (here and here) for the small guy standing up to bullying banks, ...

Frankly, it's not a great choice: Nkosazana Dlamini-Zuma or Cyril Ramaphosa as the next leader of the ANC and possibly the country.

MAXIMS - A contract founded upon an illegal

Financial Crisis Inquiry Commission

Sometimes you come across a story where one man, standing alone, fights a lone battle against the bank and prevails. This is the story of Joel Makubalo ...

Michael Hudson is regarded by many as one of the world's best economists because of his willingness to pierce the veil of deceit that passes for modern ...

Thank Donald Trump and Bibi Netanyahu for higher oil prices, which spiked from around $40 to nearly $80 a barrel after the US president announced last week ...

A 72 year old man gets a 30 year loan which he cannot repay, so he is forced to sell his house. Bank staff are there to flog you stuff you don't ...

Disgraced and disbarred father and son attorneys Ronald and Darren Bobroff are on a list of the worlds' most wanted fugitives after Interpol issued Red ...

blackstone-private-property

Durban-based Nav Chan started questioning FNB's eBucks rewards calculations. They just didn't make sense. Weeks later his accounts were cancelled and he ...

It doesn't get more ridiculous than this. A Welkom man owes Absa Bank R1,4m after borrowing just R52,000 in 2008. Even Absa seems a bit embarrased by this ...

Remember the Scorpions? The elite crime busting unit that roped in R4bn in corrupt proceeds in the last year of its operation, before it was dismantled by ...

UBUNTU header

Things are getting hot when you get the former Public Protector Thuli Madonsela coming out with her thoughts on shady home repossessions and auctions.

chess

17 replies 19 retweets 8 likes

Figure 3: Total capacity in GWth of SWHs per 1 000 inhabitants for 2007

Aunty Emily

Duduzane Zuma gets his day in court

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Figure 1: Eskom historic and planned system expansion

Jacques Pauw doubles down on accusations against Malema

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Karin Kritzinger at Stellenbosch University