Banks caught amid EWC disaster

[¯\_(ツ)_/¯]

I don't actually - and I am in no way head-in-sand.

This will depend on who desires your house and who he/she knows. Peeks at Moz, Swaziland ...

Pro tip: Don't made it obvious that your property is well kept and comfy, camouflage it.

 

[¯\_(ツ)_/¯]

my oupa's friend said his cousin's house was expropriated so one never knows.

I dunno gabba, it's a bit confusing. I thought you were safe, but then again ...

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Time to check if that passport of yours is still good and up to date? We all know how peaceful these things sometimes work out, you as you as an exspurt on all things South African and our history will know.

 

[¯\_(ツ)_/¯]

I'll go with a bad credit rating if it can get rid of those pesky cold callers wanting to sell medical aid, cellphones or whatever to me....

... to be exchanged for exspurts offers of debt counseling, blacklist de-listing services. Please, this is an irresistible offer. If you don't get it and put down on us you need to be edumacated on our products with follow ups. It is our right for you to know of our invaluable services.

Also read: POPIA to still be enacted.

Now also read: Bad bad man uses bad words talking to marketing agency after being warned call was recorded for mutual protection. Association of Marketeers approaches SAHRC.

Further developments: Previous calls between bad bad man and marketing center mysteriously disappeared. Conjecture it may be the SSA gang.

Upcoming: Bad bad man blows up marketing agency offices inadvertantly destroying missing recordings.

I think you're out of luck bud

 

[Fulcrum29]

Also read: POPIA to still be enacted.

It was enacted in 2013, but individuals, partnerships and entities have been given what some may call as leeway - It needs to be promulgated, and once promulgated there will be a 12-month grace period to be compliant with POPIA. In the interim, we need to rely on the ECT act, Section 14 and common law.

You can be broke-ass poor and some mobile communications company will still 'allow' you to be subscribed to some rogue WASP. Likewise with Hippo calling you when you open a savings account to drop your pennies in at your own expense.

 

[¯\_(ツ)_/¯]

These instructions happen on a daily basis. Nothing to laugh about. You should see the executions happening in townships.

Creditors... don't mess with them. The execution process happens quite quickly unless you act within the given time. Go ask any services provider how quickly they can obtain a judgement against you, and how promptly the creditor will instruct the sheriff to collect what the judgement states that you owe. Clerks of the court don't hesitate to sign the warrant of execution if they are provided with the facts (and merits).

You won't laugh when the Red Ants pitch up to take your movable property.

It is more of a concern for those seeking the court to stay or terminate the execution proceedings. The average citizen isn't Jacob Zuma.

True story, but not only in townships.

Had a call from a debt collection attorney. Accused me of outstanding school fees. I explained he has the wrong Mrs Sollie (us being somewhat of an expert of who our offspring are). He insisted I send personal documents etc at my expense, also which he had no rights to. Told him to go get lost (in not exactly those words, a bit stronger).

Sheriff rocks up, impounds Mrs Sollie's car. Mrs Sollie and I go to said school. Investigation by school. Turns out said attorney is on school board and screwed wrong pooch. School apologizes, talks to attorney. Nvm costs for extra car while we could not use our own.

Yet Mr and Mrs Sollie the bad ones for not sending through documents, then later not paying court fees ... Mrs Sollie once again tells attorney to go get lost using words not befitting any institution of education. School withdraws case.

 

[Fulcrum29]

True story, but not only in townships.

Had a call from a debt collection attorney. Accused me of outstanding school fees. I explained he has the wrong Mrs Sollie (us being somewhat of an expert of who our offspring are). He insisted I send personal documents etc at my expense, also which he had no rights to. Told him to go get lost (in not exactly those words, a bit stronger).

Sheriff rocks up, impounds Mrs Sollie's car. Mrs Sollie and I go to said school. Investigation by school. Turns out said attorney is on school board and screwed wrong pooch. School apologizes, talks to attorney. Nvm costs for extra car while we could not use our own.

Yet Mr and Mrs Sollie the bad ones for not sending through documents, then later not paying court fees ... Mrs Sollie once again tells attorney to go get lost using words not befitting any institution of education. School withdraws case.

I have a good old legal friend who did just this for a living, and buying up property on the cheap

 

[¯\_(ツ)_/¯]

Under what circumstances and which party broke the contract?

Reality clue, plenty more of this ...

 

[¯\_(ツ)_/¯]

It was enacted in 2013, but individuals, partnerships and entities have been given what some may call as leeway - It needs to be promulgated, and once promulgated there will be a 12-month grace period to be compliant with POPIA. In the interim, we need to rely on the ECT act, Section 14 and common law.

You can be broke-ass poor and some mobile communications company will still 'allow' you to be subscribed to some rogue WASP. Likewise with Hippo calling you when you open a savings account to drop your pennies in at your own expense.

Fair enough, wrong word choice. But in layman's terms, it's still pie in the sky and has zero value for consumers

Reason for the delay is things like definitions of fire pools, other pressing needs to grease the wheels of the gravy train etc.

 

[Fulcrum29]

I see Renaldo Gouws tweeted this,

https://twitter.com/x/status/1231998098152546304

but it is all cool, Ramaphosa explicitly said that there will be no land grabs, the insurers are being cautious that it all

Forfeiture under nationalisation... nevermind the others.

 

[Thor]

Banks should start shutting down all anc related accounts. Starve the kunts into submission.

This. The ANC is a terrorist organization.

 

[Forum Reader]

I see Renaldo Gouws tweeted this,

https://twitter.com/x/status/1231998098152546304

but it is all cool, Ramaphosa explicitly said that there will be no land grabs, the insurers are being cautious that it all

Forfeiture under nationalisation... nevermind the others.

The riot stuff is never covered directly by insurers and instead is covered by Sasria. There is a small premium that insurers pay for this cover. Most insurers just pay your claim like normal and then claim back the amount from Sasria. So this policy is a bit strange as adding this cover is very cheap.

Doubt the nationalisation stuff will be covered by Sasria though as it wouldn't make sense since they are state-owned.

Company Profile | Sasria

Sasria SOC Ltd is the only short-term insurer that provides special risk cover to all individuals and businesses that own assets in South Africa.

www.sasria.co.za

 

[3WA]

The riot stuff is never covered directly by insurers and instead is covered by Sasria. There is a small premium that insurers pay for this cover. Most insurers just pay your claim like normal and then claim back the amount from Sasria. So this policy is a bit strange as adding this cover is very cheap.

Doubt the nationalisation stuff will be covered by Sasria though as it wouldn't make sense since they are state-owned.

Company Profile | Sasria

Sasria SOC Ltd is the only short-term insurer that provides special risk cover to all individuals and businesses that own assets in South Africa.

www.sasria.co.za

This. Both my vehicle cover and building cover have a separate fee for SASRIA. If the feral underclass does destroy your property, you have to claim under the SASRIA component (activate it if you don’t have it, it’s dirt cheap).

 

[PAYBACK]

Do you think that they'll go as far as to expropriate people's homes?

No they will have a ****ing war on their hands!

 

[noxibox]

I see Renaldo Gouws tweeted this,

https://twitter.com/x/status/1231998098152546304

but it is all cool, Ramaphosa explicitly said that there will be no land grabs, the insurers are being cautious that it all

Forfeiture under nationalisation... nevermind the others.

Looks quite standard. They may have labelled the second section Nationalisation, but I doubt any insurance policy covers you for asset forfeiture, preservation etc. The only extra term is potentially nationalisation. So they're just clarifying. Of course the insurers are being cautious. They make money by collecting premiums and not paying claims.

 

[noxibox]

Under what circumstances and which party broke the contract?

We're talking morality here. Yes, the banks hide behind the contract to pretend they're not doing anything wrong.

These instructions happen on a daily basis. Nothing to laugh about. You should see the executions happening in townships.

Creditors... don't mess with them. The execution process happens quite quickly unless you act within the given time. Go ask any services provider how quickly they can obtain a judgement against you, and how promptly the creditor will instruct the sheriff to collect what the judgement states that you owe. Clerks of the court don't hesitate to sign the warrant of execution if they are provided with the facts (and merits).

You won't laugh when the Red Ants pitch up to take your movable property.

In the proposed scenario the number of execution instructions sought will be far higher. Those clerks will probably need treatment for severe carpal tunnel syndrome. Sheriffs will be running around trying to figure out what assets to take.

If you're struggling to pay your mortgage, you are screwing the bank by breaking your agreement.

Their long history is actually them just screwing you back...

Bullsh*t. There's no valid reason for selling a house for just enough to cover outstanding debt.