SAA is a national disgrace protected by courts and government
Govt plans to do to farming what it has done to mining
NCR to investigate all attachment orders from debt collector Flemix
The National Credit Regulator will investigate hundreds of thousands of emolumernt attachment orders obtained by debt collector Flemix & Associates after a devastating judgment was handed down that makes it illegal to obtain such orders without a court hearing by a judge, according to Personal Finance.
Is this the worst case of injustice since democracy?
A judge hearing the case of Nigerian trader Emeka Onkonkwo says it is the worst he has heard since the advent of democracy. It is a shocking indictment of police behaviour, abetted by the Department of Home Affairs, and reveals an ugly disregard for immigrants, writes Carmel Rickard in Legalbrief.
Who really owns your home loan?
Four out of four securitisation audits so far conducted in SA apparently prove that the home loans have ended up thousands of miles away in Asia. Yet the banks still cling to their argument that they are the lawful owners of the loans, according to Moneyweb.
SAPS operates as a self-protecting arm of the ruling party
Calls for national minimum wage puts SA in cloud cuckoo land
Nedbank CEO Mike Brown to challenge subpoena to appear at liquidation inquiry
Nedbank CEO Mike Brown says he will challenge a subpoena calling on him to appear at an inquiry relating to the liquidation of Waterkloospruit Projects in 2001, when he was in charge of property finance at BOE Bank, later acquired by Nedbank. BOE picked up 137 stands for R100,000 in what is claimed was a sham auction, according to this article in Moneyweb.
You think home repossessions is a middle class affair? Welcome to Cosmo City
The financial crisis has percolated down to first time home buyers in Cosmo City near Johannesburg, many of whom claim they have been evicted irregularly after having their homes repossessed. Scores of Cosmo City residents have been tossed out of their houses after falling into arrears on their bonds. Maxwell Dube of Cosmo City Chronicle decided to investigate and found 23 of these - all of them bonded with Absa - ended up in the hands of just one investor. The more he dug, the fishier the whole thing smelt.
Ostrich farmer from Eastern Cape shows court his mortgage loan is now in Taiwan
An ostrich farmer from Grahamstown has thrown the local court into a spin by apparently proving that his mortgage loan with Standard Bank has been on-sold to an investor in Taiwan. This is the first time a securitisation audit has been presented in a SA court. On the basis of the evidence presented, the farmer says Standard Bank has no right to be in court.
Shuttleworth loses Nkandla-size court battle
800 years after the Magna Carta, the fight for liberty is being lost
800 years after the signing of the Magna Carta, the fight for individual liberty is far from secure, argues former US assistant treasury secretary, Paul Craig Roberts. Governments everywhere are attempting to peel back the liberties for which humankind has fought since before the time of King John in the 1200s.
SA in the Stone Age when it comes to home repossessions
South African laws are in the Stone Age when it comes to home repossessions according to a recent study. SA law specifically prevents repossessed homes being sold at auction with a reserve price in place, which is the opposite of what is required in other countries.
Online portal for government tenders will promote transparency
National Treasury has launched a new online portal aimed at making it easier to register for tenders at all levels of government. It will also promote transparency and combat tender irregularities.
Free speech upheld in defamation case brought by Bitou municipality
Can a municipality sue for defamation? Bitou municipality in Plettenberg Bay thought it could after being defamed by two individuals in a previous court case. Judge Jeanette Traverso of the Western Cape High Court slapped it down.
Concourt ruling means a sea change for banks
Visa rules to be softened to encourage visitors
Government is back-tracking on tighter visa requirements for visitors to South Africa after China cancelled planned direct flights and the tourism industry warned of chaos at the airports, according to Independent Online.
Why the new e-tolls system will not work
Government has misjudged the level of public opposition to e-tolling, despite its ridiculous claim that e-tolls are not unpopular. It seems most people will continue to refuse paying the tolls that were foisted on them.
Resistance to e-tolls is not about money
Here's one of the worst proposed laws you'll ever read - problem is, it could be coming to SA
This is what happens when you put bureacrats in charge of policy - you get mind-numbing idiocy in the form of the Draft Online Regulation Policy vomited out of the Film and Publication Board (FPB). The Mrs Grundys at the FPB want to police your Youtube videos and reserve the right to report you to the Board's Classification Committee, according to Jeremy Malcolm at Electronic Frontier Foundation.
Banks slammed for securitisation fraud in US court
Cape High Court reminds Parliament who's boss
Bid to hide SAA truth shows contempt for public
DA elects its first ever black leader
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