ABSA Banksale in execution immovable property case 85077/2016

K Nov 20, 2017

The sale in execution matter with case number 85077/2016 recorded in Gazette no 40636 pg 77 for sale of immovable property with deed of transfer no T150513/2003 between ABSA and Makibelo Tsietsi Eric and Makibelo Herminah Dineo has refeence.

Note that us Prof and Ms Masoga, the new owners, following registration on 14 November 2017 COULD not acccess the property as Makibelo Tsietsi Eric is nowhere to be found, does not answer calls or return messages. The appointed liquidators are not doing anything to correct the situation. We are now left exposed and possibly facing financial loss since Investec Bank Limited have registered the bond and activated loan as of 14 November 2017.

The liquidators appointed by ABSA, Colvan Trust, Heiko Draht has not ensured the defendant Dr Makibelo vacates the property before registration to Masoga MA & KKD.

Both Masoga MA&KKD are loyal customers of ABSA holding Premium accounts and find it disturbing that ABSA has not excercised due care and skill nor has acted in our interest by appointing of risk concious liquidators.

We request that ABSA ensures that Colvan Trust acts accordingly and give this matter the attention it deserves. We request that ABSA since it has received proceeds from sale from Investec Bank Limited ensures delivery of keys and evicts Makibelo TE from property mindful that we have to be compensated R 38 000.00 per month (apportioned) during period he was unlawfully residing at ERF 1130 Pretoriuspark, Ext 14, Pretoria East.

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