Debtfree DIGI September 2016

NEWS CONTINUED
Constitutional
Court Ruling on
Garnishee Orders
The case of a group of poor farm workers who
went to the Western Cape High Court over
their “garnishee orders” has been heard by
the Constitutional Court. The Court upheld
that the consumers Garnishee orders were
not properly done and have further ruled that
the Magistrates Court Act wording needs to
be adjusted and that every ‘Garnishee order’
application by a credit provider needs to be
considered by a Magistrate or judge.
don’t be a twit
Banking Investigation
Called Off
It is always awkward when, in government,
one hand does not know what the other is
doing. This seems to have been the case when
government Minister Mosebenzi Zwane -
who was assigned to help investigate why
the banks suddenly stopped doing business
with the Gupta family during all that negative
press- announced that the Judiciary would
investigate the banks and banking practices.
His plan would possibly have seen the Banks Act
changed and the Finance Minister in control of
banking licences. This made the markets weary
just when the Rand had started to do OK again
and put the Minister right in the middle of a
war between the SARB, the Guptas, Finance
Minister Gordhan and several other leading
politicians. It was then that the Presidency
threw the Minister under the bus saying that
this would definitely not be happening. In the
wake of this furore several political factions
have called for sever disciplinary action against
Minister Zwane.
http://twitter.com/Debtfree_DIGI