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Peters and Another v Michau NO and Others
Iqgwetha Training Academy - South Africa
Peters and Another v Michau NO and Others (11070/2008) [2009] ZAKZDHC 30 (11 August 2009)

The applicants in this matter brought an application to the KwaZulu Natal High Court, Durban for an interim order prohibiting the sale of a property they allege they still own, despite having sold and transferred the property to X who subsequently sold and transferred it to A.

Of interest is the Court's willingness to investigate the alleged 'true' position, despite the fact that transfer of the property was registered following the conclusion of a valid agreement of sale.

The Law Society finally plan on Improving Residential Conveyancing
hip-consultant - UK
The Body that represents the interests of solicitors, the Law Society, has recently published a consultation paper entitled 'Improving Residential Conveyancing'. The purpose of this is to invite the views of its membership on ideas/proposals it has for improving the home buying and selling process.

The timing of this consultation paper is questionable, given that apart from the radical and some would say brave introduction of the Home Information Pack Regulations, no significant change to the selling and buying process has happened since 1925. So why after all this time is the Law Society looking to review and seek the thoughts of its members on possible reform?

Big bank dumps biggest home loans' originator
Realestateweb - South Africa
Standard Bank wins latest round with ooba; but new twist in fight for customers.

Standard Bank, one of South Africa's biggest banks, has dumped the country's biggest home loans' origination group, ooba, choosing instead to opt for three of ooba's competitors and its own bank channels to attract and process mortgage business. It is hoping to stir up more competitive behaviour in the origination industry, with the end result being lower commissions paid to originators.

Ooba's name was conspicuously absent from a recent announcement by Standard Bank updating customers about its home loans strategy. Ooba is the largest origination group and is owned by estate agencies. Its largest shareholders include the Pam Golding, Seeff and Jawitz operations.

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