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.