"Even if they take my land, I may still have to pay my bond?" - Forget It ANC | EFF and S.A. Banks!
South Africa's response to these articles about "having to continue paying bank property bond installments for properties they would no longer own" | "We take your land, but you still pay your bond" Are South African Banks barking mad? The ANC and EFF are delusional if they think current property owners in South Africa are going to be bullied or forced to continue paying property loans off, for properties they will no longer own the property rights to. Any bond or property loan contract between South African's and their respective banks will become null and void the minute any bonded property is expropriated without compensation as property ownership of expropriated property shifts over to the State so if the respective banks wish to have these bond loans settled, they will need to get said settlement from the new property owners - i.e. The State ANC and or Ruling Party Governing the Country. Let me say it again, South Africans will certainly NOT ...