South Africa Case Law

National Credit Regulator v Gendrie Verspreiders (Pty) Ltd (NCT/156562/2020/57(1))

National Credit Regulator v Gendrie Verspreiders (Pty) Ltd (NCT/156562/2020/57(1)) [2021] ZANCT 3 (16 March 2021)

Court

National Consumer Tribunal

Case number

NCT/156562/2020/57(1)

Judges

P A Beck, H Alwar, A Potwana

The Tribunal found that the Respondent repeatedly contravened the National Credit Act and associated Regulations by failing to conduct proper affordability assessments, granting reckless credit, overcharging service fees and insurance premiums, and failing to notify the Applicant of its conversion to a private company. The evidence showed systemic disregard for statutory obligations, particularly towards vulnerable consumers. The Respondent's conduct was ongoing, serious, and unopposed. The Tribunal held that these contraventions justified cancellation of the Respondent's registration as a cr…

Source excerpt

• National Credit Act
• Reckless Credit Granting
• Affordability Assessment
• Administrative Fine
• Credit Provider Registration
• Service Fee Overcharge

National Credit Regulator v RCL Micro Finance (Pty) Ltd (NCT/132260/2019/57(1))

National Credit Regulator v RCL Micro Finance (Pty) Ltd (NCT/132260/2019/57(1)) [2020] ZANCT 6 (3 April 2020)

Court

National Consumer Tribunal

Case number

NCT/132260/2019/57(1)

Judges

T Bailey, M Peenze, J Simpson

The Tribunal found repeated National Credit Act breaches by a credit provider, including SASSA card retention, reckless lending, and fee overcharging.

• National Credit Act
• Reckless Lending
• Prohibited Conduct
• Affordability Assessment
• Service Fee Overcharge
• Credit Provider Registration