ConCourt expected to rule on municipal debt liability

The Constitutional Court is expected to make a groundbreaking ruling that could affect the entire country, from the banking system down to ordinary tenants, trying to make ends meet.

It will decide on Tuesday over whether or not property owners should be liable for previous owners’ municipal debt.

This means ordinary ratepayers will now know their rights when it comes to coughing up cash to cover a previous tenant or owners municipal debt.

The case involves litigation between municipal debt specialist, New Ventures Consulting and Services (NVC) and the city of Tshwane Metropolitan Municipality, Ekurhuleni Metropolitan Municipality and the Minister of Co-Operative Governance and Traditional Affairs.

NVC has spearheaded the legal bid in this pioneering case since 2013.

Africa Melane spoke to the company's Peter Livanos.

The whole concept of our Constitutional Court case that we have been driving is that when a purchaser buys a property he should buy wit with a clean slate he shouldn't inherit the debt of others.

Peter Livanos, New Ventures Consulting & Services

I am hoping that the judgement will come out shortly, but I have no doubt that the Constitutional Court will uphold our case...The whole credit of our country can be dramatically affected. The repercussions are terribly profound.

Peter Livanos, New Ventures Consulting & Services

Click on the ink below to listen to the full audio.....


Read More
All international eyes are on #ANC54 says international think tank analyst

All international eyes are on #ANC54 says international think tank analyst

Chatham House Africa programme researcher Christopher Vandome explains impact of the election outcome on international relations.

#ANC54 delayed start, registration still underway

#ANC54 delayed start, registration still underway

EWN's Gaye Davis reports live from the 54th ANC National Conference at Nasrec which was set to kick off at 9am Saturday morning.

Capetonian tackles 3300km canoe trip to raise awareness for NGO

Capetonian tackles 3300km canoe trip to raise awareness for NGO

'I’ve always had that urge to do something no one has ever done before.' - Elizma Fuller

This is why the movie 'Wonder' can teach our kids a lot

This is why the movie 'Wonder' can teach our kids a lot

'It’s a really nice story about why you shouldn’t treat people differently because they look different.' - Gayle Edmunds.

New property owners no longer liable for previous owner's debt

New property owners no longer liable for previous owner's debt

The Pretoria High Court has declared the Section of Local Government Municipal Systems Act constitutionally invalid.

Property owner? Better sit down; you're now liable for 30 years’ municipal debt!

Property owner? Better sit down; you're now liable for 30 years’ municipal debt!

New property owners can now be held liable for municipal debts dating back three decades. Fair Credit's Stephen Logan explains...

Popular articles
'ANC may split if Dlamini-Zuma is elected leader'

'ANC may split if Dlamini-Zuma is elected leader'

Political analyst Dr Somadoda Fikeni sat down with Ray White to discuss the future of the ANC.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...