National Credit Regulator v Bridge Finance CC t/a Bridge Finance (NCT/320435/2024/140(1)) [2025] ZANCT 15 (15 April 2025)

National Credit Regulator v Bridge Finance CC t/a Bridge Finance (NCT/320435/2024/140(1)) [2025] ZANCT 15 (15 April 2025)

The Tribunal found that the settlement agreement was competent and proper, directly related to the issues between the parties, and was not objectionable. The Tribunal was satisfied that the agreement could be made an order of the Tribunal from both a practical and legal perspective. Accordingly, the Tribunal confirmed the settlement agreement as an order in terms of section 138(1) of the National Credit Act.

Citation
[2025] ZANCT 15
Parties
Applicant: National Credit Regulator; Respondent: Bridge Finance CC t/a Bridge Finance
Court
National Consumer Tribunal
Jurisdiction
South Africa
Judgment Date
15 April 2025
Case Number
NCT/320435/2024/140(1)
Procedural Posture
Consent Order Application / Settlement Agreement Confirmation
Outcome
Settlement agreement confirmed as an order of the Tribunal under section 138(1) of the National Credit Act.
Judges
S Hockey
Legal Topics
National Credit Act, Consent Order, Credit Provider Compliance, Prohibited Conduct
Banking and Finance Civil Procedure National Credit Act Consent Order Credit Provider Compliance Prohibited Conduct

Case Brief

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Parties

National Credit Regulator

Applicant

Bridge Finance CC t/a Bridge Finance

Respondent

Procedural Posture

Consent Order Application / Settlement Agreement Confirmation

Legal Issues

  1. 1 Whether the settlement agreement between the parties should be made an order of the Tribunal under section 138(1) of the National Credit Act.
  2. 2 Whether the settlement agreement is competent, proper, and relates directly to the issues between the parties.

Ratio Decidendi

The Tribunal found that the settlement agreement was competent and proper, directly related to the issues between the parties, and was not objectionable. The Tribunal was satisfied that the agreement could be made an order of the Tribunal from both a practical and legal perspective. Accordingly, the Tribunal confirmed the settlement agreement as an order in terms of section 138(1) of the National Credit Act.

Court Disposition

Settlement agreement confirmed as an order of the Tribunal under section 138(1) of the National Credit Act.

Orders

  • The agreement attached and marked 'A' is confirmed as an order of the Tribunal in terms of section 138 of the NCA.
  • The parties are advised that any decision, judgment, or order of the Tribunal may be served, executed, and enforced as if it were an order of the High Court under section 152 of the NCA.