Latest News & Developments
homes
R60bn class action against banks lauded
Advocate Douglas Shaw is pushing for a R60 billion class action against major South African banks who allegedly sold repossessed homes for as little as R100, leaving people homeless and destitute.
R60 billion class action against banks gains momentum for exploited homeowners
Advocate Douglas Shaw is pushing for a R60 billion class action against major South African banks who allegedly sold repossessed homes for as little as R100, leaving hundreds homeless and destitute. The case could be certified by year-end, finally bringing hope to affected homeowners after years of delays.
Sale-leaseback agreements not credit deals, rules Supreme Court in landmark case
The Supreme Court of Appeal has ruled in favour of a trust accused of disguising loan agreements as property sales, leaving homeowners without their properties despite claims they only intended to secure cash loans. The landmark ruling addresses whether sale-and-leaseback arrangements can legally circumvent credit regulations.