The long-awaited R60 billion class action lawsuit against banks for repossessing and selling properties for a fraction of their worth, will be heard in Johannesburg High Court from 24 February and could last four days.
The case was initiated more than eight years ago by the Lungelo Lethu Human Rights Foundation - which was set up to protect homeowners facing eviction - and Advocate Douglas Shaw.
Houses sold without owners knowledgeFoundation president Nkululeko Xhelithole says the law has for too long been weaponised against consumers, and cites an example of a pregnant Soweto woman who was left homeless after being evicted from her home - having no idea it had been sold at a sheriffs auction.
