Vavi fingers ANC politicians in foreclosure matter

SOURCES close to South African Federation of Trade Unions (Saftu) General Secretary Zwelinzima Vavi have alleged that ANC politicians are targeting him through Standard Bank.

- MASHUDU SADIKE

The allegations stem from the bank’s failed attempt to foreclose on Vavi’s Sandton home, despite him consistently paying off arrears on his home loan.

According to insiders, Vavi’s vocal criticism of the ANC, particularly regarding corruption and policy direction, has made him a target.

“Vavi has been too critical of the ANC in recent years and was outspoken about President Cyril Ramaphosa’s Phala Phala scandal...,” a source revealed.

The High Court in Johannesburg, last week, ruled in favour of Vavi, dismissing Standard Bank’s bid to foreclose on his home. Judge Stuart Wilson slammed the bank for its “disproportionate” attempt, stating that Vavi had shown “an apparently perfect adherence” to paying his monthly instalments.

The judge also criticised the bank for demanding over R160 000 in legal costs, almost double the outstanding arrears.

ANC spokesperson Mahlengi Bhengu did not respond to questions sent to her.

Cosatu's spokesperson Matthew Parks said the Federation was aware of the matter but were not buying into claims that there was a political controversy around the issue.

“We obviously sympathise with him ... also the judge was scathing towards Standard Bank in his ruling.