We are optimistic about our prospects of success. There is no doubt that the bank’s actions violate constitutional values and victims should be compensated. It may be that the High Court will give us the order we seek but if not, it is likely that the Constitutional Court will do so when we get there, or at least give us some order we can be happy with.
If we win fully, then every one of our clients will receive the difference between the value of the property and what it sold (or the bond whatever is higher). “Shortfall debts” will be eliminated.
The return compared to what you pay us to join is often disproportionately large. Even someone who has lost R120,000 will receive double their investment in legal fees if we win, if they sign up at current 2018 rates.
It is possible that we might be awarded a part payment or a payment only in certain circumstances. We cannot predict 100%.
However, it would be terrible if you did not join and then there was a large pay out that you weren’t part of.
Filing at end of February, lets say, we would be in Court (in some form or another ) by April. Lets say the main matter would be heard by September. So it could be over by then. If we don’t get what we want then we will appeal and probably end up in the Constitutional Court about March 2019. If the banks in general or your bank individually decided that the publicity is bad and they want to settle then that is also possible and would make the dates earlier.
Nothing in law is certain, of course, and no outcomes are guaranteed.