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Article: FNB not racist: court ruling
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The High Court in Pretoria has ruled in favour of First National Bank after bond recalculator Emerald van Zyl made claims of racism against the bank, the Business Day reported on Wednesday.
The court found the claim of racism was unfounded, and that Van Zyl showed a malicious disregard for the facts and an overriding desire to continue his vendetta against FNB.
The court found the claim of racism was unfounded, and that Van Zyl showed a malicious disregard for the facts and an overriding desire to continue his vendetta against FNB.
LazyLion
King of de Jungle
The High Court in Pretoria has ruled in favour of First National Bank after bond recalculator Emerald van Zyl made claims of racism against the bank, the Business Day reported on Wednesday.
The court found the claim of racism was unfounded, and that Van Zyl showed a malicious disregard for the facts and an overriding desire to continue his vendetta against FNB.
Van Zyl had claimed that Saambou Bank (later taken over by FNB) charged black people a higher interest rate than white people.
He alleged that FNB was a racist bank.
During his campaign against the bank, he involved the African National Congress Youth League, Parliament, and the Human Rights Commission.
Van Zyl claimed to represent 400 claims ceded to him by people who entered into loan agreements with Saambou Bank.
He alleged that Saambou, and later FNB, overcharged them with interest in excess of what they were obliged to pay in terms of the relevant loan agreements.
Acting Judge Louis Vorster found that Saambou had not acted incorrectly nor unreasonably in making interest rate changes to its home-loan accounts.
As such there was no claim for any damages against FNB for former Saambou home-loan customers.
The judge agreed with a request by FNB for a punitive costs order against Van Zyl, who had waged a widespread campaign against the bank through the media.
Source : Sapa /ma/tk/jk
Date : 29 May 2013 07:51
The court found the claim of racism was unfounded, and that Van Zyl showed a malicious disregard for the facts and an overriding desire to continue his vendetta against FNB.
Van Zyl had claimed that Saambou Bank (later taken over by FNB) charged black people a higher interest rate than white people.
He alleged that FNB was a racist bank.
During his campaign against the bank, he involved the African National Congress Youth League, Parliament, and the Human Rights Commission.
Van Zyl claimed to represent 400 claims ceded to him by people who entered into loan agreements with Saambou Bank.
He alleged that Saambou, and later FNB, overcharged them with interest in excess of what they were obliged to pay in terms of the relevant loan agreements.
Acting Judge Louis Vorster found that Saambou had not acted incorrectly nor unreasonably in making interest rate changes to its home-loan accounts.
As such there was no claim for any damages against FNB for former Saambou home-loan customers.
The judge agreed with a request by FNB for a punitive costs order against Van Zyl, who had waged a widespread campaign against the bank through the media.
Source : Sapa /ma/tk/jk
Date : 29 May 2013 07:51
ThinkCentre
Expert Member
Blame apartheid too?
The_Assimilator
Executive Member
FNB should sue this clown for every cent he has. Liars who play the race card belong in prison.
I might be wrong but is this not the same guy that helped thousands of home owners get their money or houses back from certain banks?