The Ntwana family struggled for years to keep their mother in the home she had bought five years before she retired as a nurse. They could not keep up the repayments on her behalf. Mrs Ntwana lost her house and still owes the bank a great deal of money. Dora Ntwana worked as a nurse…
The eight interest rate increases since June 2006, rising inflation, and higher fuel and food prices have made it harder for borrowers to meet their home loan repayments. Some homeowners are no longer able to meet their repayments, and the number of mortgage bond defaulters has increased substantially over the past six months, the four…
