More than 3 million auto and student loans to households have been facilitated through the TALF as well as more than 480,000 loans to small businesses and millions of credit card accounts. TALF loans also have been used to fund purchases of commercial mortgage-backed securities (CMBS), and recently appear to be providing a catalyst for the new-issue CMBS market.
The enhancement in basic human rights – the rights to housing, health care, basic services such as water and electricity, the rights of workers, the rights of civil organisations, the accountability of the executive to Parliament, the transformation of public finance management, the independence and competence of the judiciary, the independence and mandate of the SARB – all come from the Constitution.