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Court blow for indebted homeowners

An urgent interdict by hundreds of consumers trying to stop banks from redeeming property and other assets due to non-payment was rejected by the High Court in Johannesburg on Friday.

Judge Brian Spilg described the application as "evidently not urgent".

The interdict, which sought to stop foreclosure on 1 200 houses and other assets because of non-payment, was brought by the New Economic Rights Alliance.

Advocate Douglas Shaw argued the interdict was in the public's interest, and was urgent, as some home owners would lose their houses over the holiday period.

Spilg rejected this, saying a high court interdict was wrong, as those facing foreclosure should seek relief individually, not as a group.

He said the application was also only given to him on the last day of court, and was over 1 000 pages long.



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