Basic Income Grant SAFTU

SAFTU General-Secretary Zwelinzima Vavi. Image: Abayomi Azikiwe / Flickr

Homeless politician: Bank threatens to auction Zwelinzima Vavi’s home 

Standard Bank is reportedly threating to auction Saftu’s Zwelinzima Vavi multimillion-rand home in Johannesburg.

Basic Income Grant SAFTU

SAFTU General-Secretary Zwelinzima Vavi. Image: Abayomi Azikiwe / Flickr

The general secretary of the SA Federation of Trade Unions (Saftu), Zwelinzima Vavi could be homeless soon as Standard Bank is reportedly threatening to auction his multimillion-rand home in Morningside Manor in Johannesburg.  

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Popular politician Zwelinzima Vavi and his wife Noluthando, could potentially lose their R2 million home in Johannesburg after Standard Bank approached the court to have his home put up for auction.  

City Press reported that an application was brought to the Johannesburg High Court a week ago by the bank which claims that the politician and his wife were in more than R100 000 in arears.  

Vavi’s wife Noluthando Vavi however informed the publication this past week that they had no knowledge of the court papers and only became aware of the court papers when City Press made the enquiry about their R2 million which they purchased in 2008.  

The affidavit claims that the leading trade unionist and his wife are in arrears in their monthly bond repayments.  

“The applicant made various attempts to engage with the respondents to regularise the home loan amount, to no avail. As a result of the respondent’s breach of the home loan [agreement], the applicant’s attorneys delivered a letter of demand to the respondents on or about 7 February 2022.”  

According to the affidavit, the couple signed an agreement with the bank on December 10 2008 which states that the parties agreed the home loan would be repaid over 360 months, with monthly instalments set at R24 491.12.  

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Vavi also made headlines last month when he secured his spot as the General Secretary of the South African Federation of Trade Unions (Saftu).   

Vavi was suspended on 15 March 2022 after SAFTU President Mac Chavalala noted that there were “quite a number of transgressions” against him which were tantamount to misconduct and misbehaviour.  

He was re-elected to the position he’s held since the union’s inception a few years ago. 

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