First National Bank (FNB) is entitled to a punitive cost order against bond recalculator Emerald van Zyl, who made claims of racism against the bank, the North Gauteng High Court ruled...The court found that Mr van Zyl had shown a malicious disregard for the facts and an overriding desire to continue his vendetta against FNB. Mr van Zyl’s...claimed to represent 400 claims ceded to him by people who entered into loan agreements with Saambou Bank (later taken over by FNB), and claimed that Saambou Bank, and later FNB, overcharged them with interest in excess of what they were obliged to pay, in terms of the relevant loan agreements...Judge Louis Vorster found that Saambou had not acted incorrectly nor unreasonably in making interest rate changes to its home-loan accounts...[refers to The New Age newspaper]