Machanik’s criminal trial postponed due to lack of funds - Special investigations | Moneyweb

Machanik’s criminal trial postponed due to lack of funds - Special investigations | Moneyweb

This article does not really add any earth shattering news about the Wendy Mechanik case but I have added the link here because of some of the comments on the Moneyweb site. It is clear that some of these comments are from her former employees/agents. I don't know enough about the details of the case to pass final judgment but these people have suffered as a result of Wendy's actions and even if she has somehow repatriated funds into her Trust Accounts it does not alleviate their suffering.

Gareth

P.S. Have a great weekend.

Realestateweb - More first time home buyers show confidence in market - FNB - Top Stories - South Africa's fastest-growing property website

Realestateweb - More first time home buyers show confidence in market - FNB - Top Stories - South Africa's fastest-growing property website

There were more first time home buyers in the first quarter of 2011, indicating improved confidence in the property market, FNB Home Loans strategist John Loos said on Wednesday.

"The increase in first time buyer demand relative to the overall market demand is a good confidence indicator due to the greater degree of flexibility that an average first time buyer has in terms of timing his/her entry into the market," Loos said in a statement.

Realestateweb - Massive mall auction called off - Auctions - South Africa's fastest-growing property website

Realestateweb - Massive mall auction called off - Auctions - South Africa's fastest-growing property website

Century Property Developers have taken over the BelAir and Lonehill malls north of Johannesburg after a deal was struck between liquidators, the buyer and Absa Bank.

Realestateweb - New Consumer Protection Act no threat to reputable organisations - Property talk - South Africa's fastest-growing property website

Realestateweb - New Consumer Protection Act no threat to reputable organisations - Property talk - South Africa's fastest-growing property website

I conducted a series of presentations to groups of Estate Agents on the likely impact of the Consumer Protection Act on the SA property industry. The presentations were organised by Colliers International. My notes from the presentation are available on Slide Share on my LinkedIn page at:http://za.linkedin.com/in/shepperson

Please remember that these notes are a little outdated because the recently published Regulations were not yet known at the time of the presentations. The notes may nevertheless prove interesting and if you have any specific questions, you can always contact me directly.

Gareth

Realestateweb - Concourt rules in favour of home owner in arrears - South Africa - South Africa's fastest-growing property website

Realestateweb - Concourt rules in favour of home owner in arrears - South Africa - South Africa's fastest-growing property website

The Constitutional Court on Monday ruled that only a judge -- and not a high court registrar -- could decide if a bank could sell a person's home in execution.

In a unanimous judgment, the court ruled that "where execution against the homes of indigent debtors who run the risk of losing their security of tenure is sought after judgment on a money debt, further judicial oversight by a court of law of the execution process is a must".

"It is declared that it is unconstitutional for a registrar of a high court to declare immovable property specially executable when ordering default judgment," states the ruling.