Kaya 959 Kaya Biz

Property Feature/Steps To Take For Early Bond Cancellation

Loading player...
If you are selling your property before your home loan has been paid in full, you will need to apply to the bank for the early cancellation of your bond. In terms of the National Credit Act, banks are entitled to levy a penalty if you cancel your bond before the end of the agreed loan period. If you cancel your bond within a few years of buying your property, banks are permitted to levy a penalty on the outstanding bond amount.
13 Jul 2021 1PM English South Africa Business News · Investing

Other recent episodes

Will South Africa finally take decisive action to address illegal mining?

GUEST – David van Wyk - Mining analyst llegal mining has become a growing crisis in South Africa, posing significant risks to the economy, the environment, and community safety. This shadow industry not only undermines the country’s legitimate mining operations but also fuels criminal networks and costs the state billions…
9 Jan 9AM 19 min

Crypto expectations for 2025 and 2024 reflections

GUEST – Jan Vermeulen - Editor at Mybroadband Now we turn our focus to the dynamic world of cryptocurrency—a space that continues to evolve at lightning speed. 2024 has been a pivotal year for crypto globally and here in South Africa. From regulatory shifts to the rise of innovative blockchain…
9 Jan 9AM 16 min

PIVOT POINT– In conversation with Ssanyu Sematimba

Ssanyu Sematimba is a trailblazer in Africa's creative economy, transforming art and innovation into drivers of sustainable development. As the Head of the Creative Arts and Events Department at the African Leadership Academy (ALA), Ssanyu is passionate about making creative education accessible across the continent. Her work aligns with Sustainable…
9 Jan 9AM 17 min
All episodes