The New Economic Rights Alliance is a community of people who are seeking transparency in the banking and corporate sector.

The Sheriff of the Court has just served the four major banks, and the Reserve Bank, with a summons from the New Economic Rights Alliance: Case number 27478/12.

Put simply, the NewERA is asking the High Court to declare our money lending system fraudulent and unconstitutional. We are not suing for money. Alternatively, we are asking the Court to suspend all legal action currently taken against every South African by the banks, until a full investigation has been undertaken into our banking system.

It may be bold. It may be daring. But it is 100% correct. The banks are doing some terrible things behind our backs and two years of research by dozens of people around the country, working in their spare time and for no money, has culminated in this action. It is a miracle that we made it this far. We are very proud.

What can you do about it?

  1. Take an interest in our money system. Understand WHY we are taking action against the banks. Download and watch The Dark Secrets of Money here (or watch it on YouTube here). We cannot stress this enough – for the sake of your family’s future you need to know how the money system works. The legal document (pdf) can be found here, but it is complicated, so commentary will be available soon to help you understand it.
  2. Follow and comment on the case at www.thebigcase.co.za.
  3. Become a paying member here or donate a small amount to our cause here. We are in urgent need of funds to survive.

The banking system is a greedy monster that is coming to eat us. Only we, the people, can stop it.

Update: 27 July 2012

Due to the wonderfully supportive response by the public and the media (see below), we wish to amend the summons and allow more people to formally join our case. If you have any kind of credit facility or loan, then please throw your weight behind this action.
Please click here to join the case. This could be the last chance we have to unite before these “Greedy Monsters” swallow every home, car and small business in the country. (Furthermore, joining this case may suspend legal action against you.)

Recent Press Exposure:

Mail & Guardian: Read more
MoneyWeb: Read more
Township Times: Read more
Beeld (Sake24): Read more
Legal BriefRead more
Interview on Cii radio: Read more

NewERA Chairman on Twitter:

Our Chairman, Scott Cundill, is now on twitter. Follow him on www.twitter.com/scottcundill. Not only will he provide updates about the big case and the money-lending system, but Scott also started an eco-community in the Natal Midlands. This sustainable community is called Five Streams where they grow their own organic food, drink fresh water, build using natural methods and promote alternative energy systems.

I Need a Hero:

We are looking for South Africa’s unsung heroes. Please submit your nomination for a NewERA “I need a Hero” award by clicking here.

The Dark Secrets of Money (and what we can do about it):

Now with 7,000 unique downloads and over 1,500 youtube views, this is a must watch. Watch it on youtube here, or download it here.

2 Responses to “The New Economic Rights Alliance Sues Major SA Banks & Reserve Bank”

  1. Tinus Malan says:

    The banks (Absa) does not comply to section 66(2)(b) of act 32/1944. In this regard refer to Jafta v Schoeman; van Rooyen v Stoltz & others 2005 (2) 140 (CC)

  2. Trevor says:

    Love what they doing. Its about time I hope you have some serious people backing you. They fucked me over 15 years ago Ive learnt a lot since then. Ill never trust a bank in anyway whatsoever and i know the fuckers are fundamentally evil bastards. I wish i could assist in some way Cheers Trevor

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