Tag Archives: home loan crisis south africa

Stop South African Banks from Taking Your Home – Part 2

In Part 1 i gave you a rundown on the home loan conspiracy. Here is one man fighting back.  Whether he wins or loses, i admire his courage.

Constitutional Court Action Against:
Standard Bank
The South African Reserve Bank
The Minister of Finance

Global history will be made on Friday 20th April 2012, at 11am in Braamfontein, Johannesburg when Michael Tellinger will deliver his petition regarding the unscrupulous activity of the banks, particularly Standard Bank, to the Constitutional Court.

Tellinger will also serve the NOTICE OF MOTION on the RESERVE BANK and the MINISTER OF FINANCE on the same day.

There is hardly any South African who has not been harmed in some way by the actions of the banks. For too long have banking giants been unassailable and untouchable by the common man. Continue reading

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Stop South African Banks from Taking Your Home – Part 1

South African home loan conspiracy 2 stop foreclosure 300x300 Stop South African Banks from Taking Your Home   Part 1In Knysna, where i stay, the holiday boom has crashed and our tourist based economy is reeling in shock and desperation as hundreds of home have flooded the market. It’s a tragedy that’s painful to witness.

When US and European banks screwed over the world, i was a cynic when South Africa’s major banks and the Reserve Banks were quick to say it would not happen here as we’ve got more protection measures in place.

Several months ago, a leading member of the Knysna community told me how the bank was illegally taking over his home. Continue reading

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