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The building is the former head office of Trust Bank of South Africa, and as such has one of the largest bank vaults in South Africa. The building was sold in February 2003 for Rand 6.4 million (USD $640.000), which may prompt the name to be changed to that of the new tenant.
The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".
The building is located on the Victoria Embankment in Durban's city centre. [5] It occupies a lot with the shape of a quarter circle or quadrant, from which it derives its name. It is considered one of the epitomes of the so-called Berea Style, a local declination of the Art Deco style which emerged from local interest in Spanish colonial ...
Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
The Discount Houses sub-sector of the Nigerian financial services industry was birthed in 1995 [1] and came as an offspring of the federal government of Nigeria through the Central bank of Nigeria (CBN). Discount Houses became the venue through which banks were able to channel excess liquidity and access same to and from the CBN.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
Durban, home of the busiest port in Africa and an important economic centre in South Africa.. This list of tallest buildings in Durban ranks completed buildings by height in the city of Durban (including uMhlanga) which is the third most populous city in South Africa after Johannesburg and Cape Town and the largest city in the South African province of KwaZulu-Natal.
This is a list of suburbs in the Ethekwini Metropolitan Municipality which includes the city of Durban and surrounding towns. Some of these are commonly used names for regions, collections of suburbs (e.g. Berea, Bluff, Overport), or formerly independent towns that are themselves composed of suburbs (e.g. Kingsburgh, Queensburgh, Westville) and do not necessarily correspond to specific legal ...