11 March 2010

Defence Minister Stops Paying Bond On Unfinished Home

IOL Reports:

Defence Minister Lindiwe Sisulu stands to lose the luxury Sandton home she owns with her husband after failing to pay bond instalments and R160 000 worth of levies.

The former housing minister and her husband, Professor Rok Ajulu, borrowed almost R2-million to build the Riverclub, north of Joburg, house in 2004. Ajulu believes it's now worth over R3m.

Now the couple will have to launch a legal bid to keep the unit from going under the hammer at a public auction set down for March 23.

The Cape Times has learnt that, due to their bond account falling into arrears, Standard Bank turned to the courts to repossess the property.

1 comment:

Anonymous said...

I'll bet my left BALL that the bond and levies money will "miraculously" appear at the 11th hour.
And GUESS were it will come from ?
Either by stealth from the treasury(that's you and I the taxpayer)
OR...... a Zuma/Selebi move a la Schabir Sheik/Glenn Agliotti.

Funded by vested interests.
That auction will never happen EVER.... I'm convinced