Category: FNB

Constitutional case launched against SA banks

Over 225 applicants, primarily from Gauteng’s poorer townships, have instituted a R60 billion claim for damages against some of South Africa’s biggest banks.

GroundUp reports that the case revolves around a number of unlawful repossessions by the banks over the past 23 years, with the R60 billion figure based on the average estimated loss of home equity value, multiplied by the roughly 100,000 homes repossessed since 1994.

Nedbank, Absa, FirstRand Bank and Standard Bank are cited as respondents in the case, as well as the National Credit Regulator, the Minister for Justice and Constitutional Development, the SA Human Rights Commission and the High Court Rules Board.

Massive R60 billion Constitutional case launched against SA banks

Auction Alliance paid off bank officials, says report – paying referral commissions to bank officials at Absa, Nedbank, RNB/FNB and Investec.

Auction Alliance
Auction Alliance

WHILE mandated to market and sell bulk properties on behalf of Absa, Auction Alliance allegedly acquired some of the residential units for itself without disclosing this to the bank.

Auction Alliance is also accused, in the Greyling forensic report that Business Day has seen, of paying referral commissions to bank officials at Absa, Nedbank, RNB/FNB and Investec.

The report is the product of a forensic probe carried out by Allan Greyling and his team at Accountants at Law (A@L) in 2012. It has been buried away from the public eye ever since.

Nomsa Nkata v FirstRand Bank Limited and Others

Finally! In a dramatic result homeowners have received help.

Nkata v First Rand Bank

We have assisted more than 3600 home owners from loosing their properties. Many clients lost their properties due to untaxed legal fees which have been debited to the bond account. This is not legal and we are the only company in South Africa who can re-calculate these illegal charges with interest and stop the auction. Our legal advisers has first hand experience in this field and with a 100% accurate driven software program can we assist you, the consumer to stop the auction.

We can also assist to rescind the judgment from your name.

Please call us on 021-3000 190

Click here to read more. – FirstRand Bank Limited – Constitutional Court Case


In execution of the judgment in the High Court, granted on the 6th of March 2014, the undermentioned property will be sold in execution at 11h00 on the 10th of February 2015 at the premises, to the highest bidder: Erf 13695—Fish Hoek, situate in the City of Cape Town, Cape Division, Province Western Cape, measuring 761 square metres, and held by Deed of Transfer No. T37026/2010, and known as 16 Harry De Stadler Close, Fish Hoek.
The following improvements to the property are reported, but no representations or warranties as to the correctness thereof are given in respect thereof: Property description: A brick building under a tiled roof, consisting of a lounge, dining-room, family room, 2 x studies, kitchen, 3 x bedrooms, 2 x bathrooms, 2 x showers, 2 x toilets, laundry, open stoep, timber deck, pool and 2 x garages. 1. The sale is subject to the terms and conditions hereunder and the property being sold is sold voetstoots and as it stands
and subject to the conditions of the existing Title Deed. The highest bidder shall be the purchaser. 2. One-tenth (1/10) of the purchase price shall be paid in cash or by means of a bank guaranteed cheque and immediately after the property is declared to be sold and the balance of the purchase price together with interest as detailed in the conditions of sale to be paid against registration of transfer, and secured within fourteen (14) days after the said date of sale by a Bank or Building Society guarantee. And subject to the further conditions which may be read out at the time of the sale and which may be inspected at the offices of the Sheriff of the High Court. Dated at Parow this 1st day of December 2014.
T. O. Price, for Cohen Shevel & Fourie, Plaintiff’s Attorneys, 40 McIntyre Road, Parow. Tel: (021) 939-5120. (Ref: T O Price/zvw/F52205.)


(The sale shall be subject to the terms and conditions of the High Court Act No. 59 of 1959 and the Consumer Protection Act No. 68 of 2008 and the rules promulgated thereunder)
The property which will be put up for auction on Friday, the 13th February 2015 at 10h00, at the Sheriff’s Office, Ground Floor, 18 Groom Street, Verulam, to the highest bidder:
Description: Erf 787, Woodview, Registration Division FU, Province of KwaZulu-Natal, in extent 288 (two hundred and eighty eight) square metres, held by Deed of Transfer No. T5312/2008, subject to the conditions contained therein, situate at 16 Gablewood Place, Woodview, Phoenix, KwaZulu-Natal. The following information is furnished, but not guaranteed: Improvements: A single storey brick/paint under tile roof dwelling with walling, pre-cast fencing & sliding security gates, comprising lounge, dining-room, kitchen, 3 bedrooms, shower, wc & an attached single out garage with 1 storeroom & entrance
porch. Zoning: Residential (not guaranteed). The sale shall be subject to the terms and conditions of the High Court and the Rules made thereunder and the Purchaser
(other than the Execution Creditor) shall pay a deposit of 10% of the purchase price in cash at the time of the sale. The full conditions of sale and Rules of Auction shall be inspected at the offices of the Sheriff for Inanda Area 1, 1st Floor, 18 Groom Street, Verulam. Tel: (032) 533-1037. Take further notice that: 1. This sale is a sale in execution pursuant to a judgment obtained in the above Court. 2. The Rules of this auction are available 24 hours before the auction at the office of the Sheriff, Inanda Area 1, 1st Floor,
18 Groom Street, Verulam. 3. Registration as a buyer is a pre-requisite subject to the conditions, inter alia:

(a) Directive of the Consumer Protection Act 68 of 2008 (URL;
(b) FICA-legislation i.r.o. proof of identity and address particulars;
(c) Refundable deposit of R10 000,00 in cash or bank-guaranteed cheque;
(d) Registration conditions.
The Office of the Sheriff, Inanda Area 1 will conduct the sale with auctioneers Mr T. Rajkumar and/or Mr M. Chetty and/or
Mr R. Narayan and/or Mr S. Singh and/or Mrs R. Pillay.
Advertising costs at current publication rates and sale costs according to Court Rules, apply.
Dated at Umhlanga this 8th day of January 2015.
Livingston Leandy Inc, Plaintiff’s Attorneys, 1st Floor, Building 3, Glass House Office Park, 309 Umhlanga Rocks Drive,
La Lucia Ridge. (Ref: 02F192846.)


FIRSTRAND BANK LIMITED, Plaintiff, and MUQTADIR MANUEL, 1st Defendant, and SHAMEEM MANUEL, 2nd Defendant

FNBLogoIn execution of a judgment of the High Court of South Africa (Cape of Good Hope Provincial Division) in the abovementioned suit, a sale without reserve will be held at the premises, 106 2nd Avenue, Grassy Park, on 8 December 2014 at 12h30 of the undermentioned property of the Defendants on the conditions which will lie for inspection at the Sheriff’s Office. Erf 6326, Grassy Park, situated in the City of Cape Town, Cape Division, Western Cape Province, in extent 520 square metres, held by Deed of Transfer No. T91376/2006. Also known as: 106 2nd Avenue, Grassy Park. The following information is furnished but not guaranteed: 3 compartments, open plan dining-room/kitchen, 1 bedroom, bathroom/toilet, kitchen.

Conditions of sale:
1. 10% (ten per centum) of the purchase price in cash; EFT payment or bank-guaranteed cheque on the day of the sale, the balance payable against registration of transfer, to be furnished within (14) fourteen days from the date of the sale.
2. Auctioneers charges, payable on the day of sale, to be calculated as follows: 6% (six percent) on the proceeds of the sale up to a price of R30 000,00 (thirty thousand rand) and thereafter 3,5% (three comma five percent) up to a maximum fee of R9 655,00 plus VAT, minimum charges R485,00 plus VAT. Dated at Table View on this the 28th day of October 2014. PM Waters Oosthuizen, Lindsay & Waters, Plaintiff’s Attorneys, 54 Blaauwberg Road, Table View. Tel: (021) 557-7278. Ref: Mrs Waters Oosthuizen/Mrs Conradie.
Auctioneer: The Sheriff of the High Court, Wynberg South.

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