FIRST NATIONAL BANK OF SOUTHERN AFRICA LIMITED and KABELO NELSON MAAKE
In the matter between: FIRSTRAND BANK LIMITED trading inter alia as FNB HOME LOANS (formerly FIRST
NATIONAL BANK OF SOUTHERN AFRICA LIMITED), Plaintiff, and KABELO NELSON MAAKE (ID No: 8212115550082),
Defendant
Sale in execution to be held at Shop No. 1 Fourway Shopping Centre, Cullinan at 10h00, on 22 May 2014;
By the Sheriff: Cullinan.
Certain: Erf 2583, Mahube Valley Extension 1 Township, Registration Division J.R., Province of Gauteng, measuring 336
(three hundred and thirty-six) square metres, held by Deed of Transfer T138170/2006, situated at: 2583 Getrude Shope Street,
Mahube Valley Extension 1, Mamelodi, Gauteng Province.
Improvements – (Not guaranteed): A residential dwelling consisting of: Lounge, 2 bedrooms, kitchen, bathroom and toilet.
Terms: 10% in cash on day of the sale and the balance against Transfer to be secured by an approved guarantee to be
furnished within 21 (twenty-one) days after the date of sale.
Conditions of sale can be inspected at the Offices of the Sheriff, Cullinan, Shop 1 Fourways Centre, Main Road (R513),
Cullinan.
Friedland Hart Solomon Nicolson, Attorneys for Plaintiff, Monument Office Park, Block 4, 3rd Floor, 79 Steenbok Avenue,
Pretoria. Tel: (012) 424-0200. (Ref: Mr Grobler/Charla/B898).
ABSA BANK LIMITED and MELANIE HETTIE FOUCHE
In the matter between: ABSA BANK LIMITED, Plaintiff, and MELANIE HETTIE FOUCHE (ID No: 7906260001087),
Defendant
NOTICE OF SALE IN EXECUTION
Pursuant to judgment Orders granted by this Honourable Court on 29 June 2012 and 3 March 2014 respectively, and a
warrant of execution, the undermentioned property will be sold in execution by the Sheriff of the High Court, Krugersdorp on
Wednesday, the 28th day of May 2014 at 10h00, at Old ABSA Building, c/o Human & Kruger Streets, Krugersdorp, Gauteng
Province, to the highest bidder without a reserve price:
Erf 2231, Rangeview Extension 4 Township, Registration Division I.Q., Gauteng Province.
Streets address: 47 Leadwood Street, Rangeview Ext 4, Gauteng Province, measuring 1 203 (one thousand two hundred
and three) square metres, and held by Defendant in terms of Deed of Transfer No. T24845/2004.
Improvements are:
Dwelling: Entrance hall, lounge, dining-room, family room, kitchen, 3 bedrooms, 2 bathrooms, scullery, laundry, 2 garages,
1 carport, 1 servant room, 1 bath/shower/toilet.
No warranties regarding description, extent or improvements are given.
The conditions of sale to be read out by the Sheriff of the High Court, at the time of the sale and will be available for
inspection at the offices of the Sheriff, Krugersdorp, Old ABSA Building, c/o Human & Kruger Streets, Krugersdorp, Gauteng
Province.
Dated at Pretoria on this the 16th day of April 2014.
Van Zyl Le Roux Inc, Monument Office Park, 71 Steenbok Avenue, First Floor, Block 3, Monument Park, Pretoria; P.O. Box
974, Pretoria, 0001. Tel: (012) 435-9444. Fax: (012) 435-9555. (Ref: MAT43996/E Niemand/MN).
ABSA BANK LIMITED and RAMATLADI SIMON PHETLA
In the matter between: ABSA BANK LIMITED, Plaintiff, and RAMATLADI SIMON PHETLA (ID No. 5908135769080),
1st Defendant, and MELIA MANKUTWANE PHETLA (ID No. 7203251099084), 2nd Defendant
NOTICE OF SALE IN EXECUTION
Persuant to a judgment granted by this Honourable Court on 14 June 2013, and a warrant of execution, the undermentioned
property will be sold in execution by the Acting Sheriff of the High Court, Wonderboom, on Friday, the 23rd day of May
2014 at 11h00 at the offices of the Acting Sheriff, Wonderboom, cnr of Vos & Brodrick Avenue, The Orchards X3, Gauteng
Province, to the highest bidder without a reserve price:
Erf 5703, Mamelodi Township, Registration Division J.R., Gauteng Province.
Street address: Erf 5703 Section Q, Mamelodi West, Pretoria, Gauteng Province, measuring 301 (three hundred and one)
square metres and held by Defendants in terms of Deed of Transfer No. T13774/2008.
Improvements are: Dwelling: Lounge, kitchen, 3 bedrooms.
No warranties regarding description, extent or improvements are given.
The conditions of sale to be read out by the Sheriff of the High Court at the time of the sale and will be available for
inspection at the offices of the Acting Sheriff, Wonderboom, cnr of Vos & Brodrick Avenue, The Orchards X3, Pretoria, Gauteng
Province.
Dated at Pretoria on this the 15th day of April 2014.
Van Zyl Le Roux Inc, Monument Office Park, 71 Steenbok Avenue, First Floor, Block 3, Monumentpark, Pretoria; PO
Box 974, Pretoria, 0001; Docex 97, Pretoria. Tel: (012) 435-9444. Fax: (012) 435-9555. (Ref: MAT30511/E Niemand/MN.)
ABSA BANK LIMITED and RAKGADI CAROL MAHUMA
In the matter between: ABSA BANK LIMITED, Plaintiff, and RAKGADI CAROL MAHUMA (ID: 7204010828086),
1st Defendant, and KGAUGELO DAVID EZERIEL SACHA (ID: 7008086191083), 2nd Defendant
NOTICE OF SALE IN EXECUTION
Notice is hereby given, in accordance with the Regulations of the Consumer Protection Act 68 of 2008, that a sale in
execution will be held by the Sheriff Pretoria North East, at 1281 Church Street, Hatfield, Pretoria, on 20 May 2014 at 10h00,
on the following:
Erf Remaining Extent of Erf 213, Jan Niemand Township, Registration Division J.R., Province of Gauteng, measuring 742
(seven four two) square metres, held by Deed of Transfer T20940/2002 (also known as 41 Suikerbekkie Street, Jan
Niemandpark, Pretoria).
Particulars of the property and the improvements thereon are provided herewith, but are not guaranteed.
Improvements: House consisting of: 3 x bedrooms, 1 x lounge, 1 x kitchen, 1 x bathroom, 1 x toilet, 1 x carport.
A copy of the Regulations of Act 68 of 2008, as aforementioned, can be obtained from: http://thornton.co.za/resources/
34180 rg9515 gon293.pdf
Inspect conditions at Sheriff Pretoria North East, 102 Parker Street, Riviera, Pretoria. Tel: (012) 329-6024/5.
Tim du Toit & Co Inc. Tel: (012) 470-7777. (Ref: N Rappard/NT/PR2888.)
SA Banks struggling to deal with distressed Property Owners
SA Banks struggling
According to South Africa National Credit Regulator’s latest Consumer Credit Market report, about 75,000 property owners were in arrears on mortgage repayments (for more than three months) in June.
SA’s big banks are taking longer to deal with home loan defaulters even though they are continuing to reduce their nonperforming home loan books from 2009-10 peaks, say industry players.
Standard Bank home loan head Steven Barker said last week that although the bank’s percentage of nonperforming loans fell from 6.2% to 4.9% of total advances in the year to June, the reduction rate has not been as rapid as hoped. He said it could become more difficult to deal with distressed clients who have not yet been worked out of the system.
“We are finding it quite challenging to manage the remainder of our nonperforming loan book as most (cases) are legal matters that have gone the sequestration or repossession route and are taking longer to settle than we had hoped.”
Mr Barker believes it could take at least another two to three years to get rid of SA’s overhang of distressed properties, given the worrying state of consumers’ financial positions.
According to the National Credit Regulator’s latest Consumer Credit Market report, about 75,000 homeowners were in arrears on mortgage repayments (for more than three months) in June. These defaulters’ mortgage debt totalled R41bn, about 5.2% of total home loan advances of R799.41bn. Figures released by the individual banks for their June financial reporting periods confirm a default level of 4%-6%. That is a marked improvement on the 10%plus reported by banks in 2010 but still around double pre-crisis levels.
Standard Bank’s research indicates that sales volumes are about 33% down on 2006-07 levels.
“This could well be the new normal for the South African housing market, something the industry will have to adjust to,” Mr Barker said.
First National Bank (FNB) Home Loans CEO Jan Kleynhans expects the bank’s 21% rate of reduction of nonperforming loans in the 12 months to June to continue for the next year.
He concedes that a slowdown is likely thereafter, as the remainder of loans — mostly debt-counselling and insolvency matters — are likely to take longer to work out of the system due to the legal processes involved.
Mr Kleynhans said that it would probably take 18-24 months for FNB’s nonperforming loan book to return to normalised levels of about 2%-3%. However, he said demand for residential property was unlikely to improve in the near term, given SA’s fairly low economic growth rate and “persistent and relatively high” household debt levels, which were constraining the ability of consumers to take on new mortgage debt.
Property economists are equally bearish about house price growth. Absa senior housing analyst Jacques du Toit and FNB property strategist John Loos said they expected a slowdown in growth in the next 12 months. Absa recorded an 8.5% rise in house prices in September year on year, down from about 11% in the first half of this year.
Mr du Toit expected house prices to rise by an average 9% for the year, slowing to 6% next year.
Mr Loos expected house prices to achieve an average 6.5% growth this year and 5.7% next year, down from 7.3% last year.
http://www.sacommercialpropnews.co.za/property-types/housing-residential-property/6385-banks-striving-to-reduce-bond-defaults.html