High Court rules against Standard Bank in Vavi foreclosure case

THE Gauteng High Court, Johannesburg, has rejected an application by Standard Bank to authorise the foreclosure of a mortgage bond it granted over the primary residence of South African Federation of Trade Unions General Secretary Zwelinzima Vavi and his wife Norma.

- ZELDA VENTER

Standard Bank asked for a money judgment and leave to execute it against the residence of the respondents, the Vavis. Their indebtedness arises from a mortgage bond passed over the property, an upmarket residence in Sandton.

Judge Stuart Wilson noted that a court asked to authorise the foreclosure against a debtor's primary residence must be satisfied that to do so would be proportionate.