Ned­bank sells RDP house to cover debt

The Star Early Edition - - NEWS - NOKUTHULA ZWANE nokuthula.zwane@inl.co.za @Zwane_2li2ls

A 59-YEAR-OLD man and his fam­ily are home­less fol­low­ing a bank al­legedly sell­ing his RDP house when he bat­tled to pay off his car loan.

Joseph Nkanyani found him­self in court with Ned­bank, af­ter the bank at­tached his RDP house in 2012.

Nkanyani and his lawyer Brian Clay­ton told The Star that he pur­chased a car with a Ned­bank loan, but fell into ar­rears two years later when he fell ill.

Clay­ton said the bank then at­tached and sold his fur­ni­ture but the money was R61 000 short. To set­tle the debt, Nkanyani vol­un­tar­ily re­turned the car to the bank, which sold it at an auc­tion.

“There was still a balance out­stand­ing ap­par­ently and the bank then at­tached and sold his RDP house.

“At the time of the sale the bank was owed just over R61 000. The prop­erty was re­pos­sessed by the bank and sold for R140 000,” said Clay­ton.

“The bank sold Nkanyani’s RDP house which it had val­ued at R350 000,” Clay­ton added.

“And he had made ren­o­va­tions and ex­ten­sions to the house,” said Clay­ton.

Ac­cord­ing to Clay­ton, the prop­erty, lo­cated in Snake Park, Soweto, remains empty be­cause the com­mu­nity re­fused to have any­one move in al­though it was sold in 2015.

“RDPs are built by the mu­nic­i­pal­ity and should never be on auc­tion, the bank right now is act­ing like it’s a bond house, which it is not,” said ward 50’s coun­cil­lor, Mandla Zulu.

“We are fac­ing a chal­lenge that the RDP houses are be­ing sold off il­le­gally,” said Zulu.

“The com­mu­nity ask me as the coun­cil­lor, what is hap­pen­ing with this house? If the bank has a mat­ter with Nkanyani they should have sorted it with him and not the house which be­longs to the mu­nic­i­pal­ity,” said Zulu.

Ned­bank’s Zan­der Bosch con­firmed Nkanyani had launched an ap­pli­ca­tion to set aside a sale in ex­e­cu­tion of his house in Novem­ber 2014.

“The court dis­missed his ap­pli­ca­tion and ruled in Ned­bank’s favour,” said Bosch.

Ac­cord­ing to Clay­ton, an ap­peal process is un­der way.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.