City Press reports that the general secretary of the SA Federation of Trade Unions (Saftu), Zwelinzima Vavi, and his wife Noluthando, could lose their multimillion-rand home in the affluent suburb of Morningside Manor in Johannesburg after Standard Bank approached the court to have it put up for auction.

But Noluthando Vavi said last week that they only became aware of the court papers when enquiries were made by the newspaper about their home. They bought the house for R2 million in 2008. A writ of execution application was brought to the Johannesburg High Court last week by Standard Bank. In it, the bank claims that the leading trade unionist and his wife are more than R100,000 in arrears in their monthly bond repayments. The affidavit claims that the applicant made various attempts to engage with the respondents to regularise the home loan amount, to no avail. It also states that the parties agreed that the home loan would be repaid over 360 months, with monthly instalments set at R24,491.12. The court application further shows that an agreement with the bank allows legal recourse should the bank not receive monthly instalments within 20 business days. The application gives the court a layout of the clause contained in the agreement that gives Standard Bank the right to sell the house should there be a default in payment.

• Read the full original of the report in the above regard by Mduduzi Nonyane at City Press (subscriber access only)

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