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1 AugGatvolSA @GatvolSA
@yolnic @POTUS @MYANC @PeterHain @Nedbank @Absa @FNBSA @StandardBankZA @Investec It's time the banks took a stand. Properties that are bonded are effectively theirs.. if they stop banking the government, the government will collapse. It was proven with the Gupta's..
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1 AugNedbank @Nedbank
Replying To: @GatvolSA
Dear Customer, Thank you for the query you have raised with regard to the impact of land expropriation to your bonded property. Nedbank is not privy to what provisions may be made for land purchasers whose land is encumbered, and what the proposed Review Committee would come up with to address this. However, we believe a balance needs to be achieved between the parliamentary agenda, and in particular the law of contract. It is important to note the Home Loan agreement is subject to a contractual agreement, and bond payments remain due and payable until such time that the bond is paid in full irrespective of any form of land appropriation – with or without compensation. We would encourage you to continue with the bond payments until such time a determination is made the time of which is also unknown to us. We trust that our response meets with your expectation.
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