Nationalisation of Northern Rock that Northern Rock was to be nationalised claiming that the private bids did not offer "sufficient value for money to the taxpayer" and thus the bank was to be brought under a "temporary period of public ownership". The government is the sole shareholder through UK Financial Investments Limited, and the Bank is managed at "arm's length" on a commercial basis by an independent board under Ron Sandler. Customers are not affected by this change. A Government-appointed arbitration panel will decide on a fair price for the compensation to be offered to investors for their shares. Prior to the markets opening
Government of the Northern Cape some circumstances). The regional court also has jurisdiction over civil cases where the value of the claim is less than R300,000, and divorce and family law cases. The Northern Cape is divided into five district municipalities which are subdivided into twenty-four local municipalities. The municipalities are listed below. Government of the Northern Cape The Northern Cape province of South Africa is governed in a parliamentary system in which the people elect the provincial legislature and the legislature, in turn, elects the Premier as head of the executive. The Premier leads an Executive Council consisting of members who oversee various executive