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Mncunu v African Bank Ltd and Others (NCT/ 235/2009/138 (1)(P)) [2009] ZANCT 2 (30 November 2009)

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SAFLII Note: Certain personal/private details of parties or witnesses have been redacted from this document in compliance with the law and SAFLII Policy


IN THE NATIONAL CONSUMER TRIBUNAL HELD IN VEREENIGING



Case no: NCT/ 235/2009/138 (1)(P)

DATE:30/11/2009

In the matter between:


MOTSABI BLISS MNCUNU …..................................................Applicant/Consumer

ID:

and

AFRICAN BANK LIMITED …...........................................1st Respondent/Credit Provider

FIRST NATIONAL BANK a division of

FIRST RAND BANK........................................................2nd Respondent/Credit Provider
NEDBANK LIMITED.........................................................3rd Respondent/Credit Provider



CONSENT ORDER


The Tribunal having read the papers filed of record and heard the Debt Counsellor; The Tribunal, being satisfied that the Applicant and the Respondents are parties to a debt re-arrangement facilitated by a Debt Counsellor under section 86(7)(b) read together with section 138(1) of the National Credit Act, Act 34 of 2005 ;(the Act).



The Tribunal hereby orders that:

  1. The draft consent order formulated as the order of the Tribunal attached hereto and marked Annexure "A" and Annexure "AA" is confirmed;

  2. The parties are warned that failure to comply with the order of the Tribunal constitutes an offence in terms of section 160(1) of the Act.


Dated and signed at VEREENIGING on this 30th day of November 2009.



PROF Bill HASLAM

PRESIDING MEMBER





IN THE NATIONAL CONSUMER TRIBUNAL
HELD AT CENTURION


Case No:

In the matter between:

MOTSABI BLISS MNCUNU.................................................CONSUMER/l^ APPLICANT

Identity number:


And

AFRICAN BANK LIMITED …............................1st RESPONDENT/CREDIT PROVIDER

FIRST NATIONAL BANK a division of

FIRST RAND BANK........................................2ND RESPONDENT/CREDIT PROVIDER

NEDBANK LIMITED..........................................3rd RESPONDENT/CREDIT PROVIDER


DRAFT CONSENT ORDER IN TERMS OF SECTION 86{8) READ TOGETHER
WITH SECTION 138 OF THE NATIONAL CREDIT ACT 34 OF 2005



WHEREAS:


a. The consumer applied for debt review in terms of the National Cfedit Act 43 of
2005;


b. The debt counsellor foundthat the consumer isexperiencing difficulty satisfying all
obligations under the credit agreements in a timely manner;


c. The debt counsellor recommended a restructuring of the payment instalments to all the
credit providers, as per the agreement which is attached hereto marked:

"Annexure B";

d. All the respective credit providers and the consumer/applicant consented to this agreement,
which consents are hereto attached marked "Annexure C"


, NOW THEREFORE:

The Tribunal, being satisfied that the Applicant and Respondent are parties to a debt rearrangement facilitated by a debt counsellor under section 86(7) of National Credit Act, hereby orders, by consent of the parties:

  1. That the payment structures of the agreement between the Applicant and the Respondents as set out in Annexure "B", be made an order of the National Consumer Tribunal;

  2. Which agreement restructures the payment instalment by extending the payment period as indicated in Annexure "C"



Interest

Monthly Instalment


Period in Months

AFRICAN BANK LIMITED

2639216002

15.50%

R339.59

R9 687.65

36

AFRICAN BANK LIMITED

2629216003

15.50%

R381.83

R13 794.62

44

FIRST NATIONAL BANK a division of FIRST RAND BANK

4901305724002006

14.00%

R84.89

Rl 364.54

22

FIRST NATIONAL BANK a division of FIRST RAND BANK

3000011692442

12.25%

R626.34

R83 350.25

84

NEDBANK LIMITED

8000481968201

14.00%

R674.9D

R31 965.32

52



DATED at Centurion this the day of 2009





REGISTRAR OF THE NATIONAL CONSUMER TRIBUNAL


Applicant/Consumer'

Debt Counsellor on behalf of the Consumer



TO:


THE REGISTRAR OF THE TRIBUNAL CENTURION


1.AFRICAN BANK LIMITED
59 16™ ROAD
MIDRAND

1685

2. FIRST NATIONAL BANK a division Of FIRST RAND BANK

27 DIAGONAL STREET

JOHANNESBURG

2000

3.NEDBANK LIMITED
100 MAIN STREET
JOHANNESBURG

2000


Debt Counsellor: Lorenco Lewis

Telephone: 0164220966

Email: juanitakamb@telkomsa.net

Fax: 0866259625

Client: MNCUNU, MOTSABI BLISS

Payment proposal for African Bank Debt Counselling Ref: 2639216002


From Date

To Date


Payment

Interest

interest Rate

Balance

PDA Fee

31/07/2009

31/07/2009


R272.66


15.50%

R9.687.65

R17.10

31/08/2009

30/04/2010


R339.59


15.50%

R9.812.36

R17.10

31/05/2010

31/01/2011


R384.42


15.50%

R7.956.80

R17.10

28/02/2011

28/02/2011


R394.04


15.50%

R5.449.11

R17.10

31/03/2011

30/04/2011


R400.56


15.50%

R5.142.55

R17.10

31/05/2011

31/03/2012


R440.61


15.50%

R4.504.38

R17.10

30/04/2012

30/04/2012


R235.79


15.50%

R215.90

R17.10


Debt Counsellor: Lorenco Lewis

Telephone: 0164220966

Email: juanitakamb@telkomsa.net

Fax: 0866259625

Client: MNCUNU, MOTSABI BLISS

Payment proposal for African Bank Debt Counselling Ref: 2639216003


From Date

To Date


Payment

Interest

Interest Rate

Balance

PDA Fee

31/07/2009

31/07/2009


R306.57


15.50%

R13,794.62

R17.10

31/08/2009

30/04/2010


R381.83


15.50%

R14,046.62

R17.10

31/05/2010

31/01/2011


R432.24


15.50%

R12.309.13

R17.10

28/02/2011

28/02/2011


R443.06


15.50%

R9.881.04

R17.10

31/03/2011

30/04/2011


R450.38


15.50%

R9.582.71

R17.10

31/05/2011

31/03/2012


R495.42


15.50%

R8.959.71

R17.10

30/04/2012

30/04/2012


R541.89


15.50%

R4.703.39

R28.50

31/05/2012

30/11/2012


R654.92


15.50%

R4.250.75

R28.50

31/12/2012

31/12/2012


R 100.92


15.50%

R91.75

R7.98



Debt Counsellor: Lorenco Lewis

Telephone: 0164220966

Email: juanitakamb@telkomsa.net

Fax: 0866259625

Client: MNCUNU, MOTSABI BLISS

Payment proposal for NEDBANK - PERSONAL LOAN JHB Ref: 8000481968201


From Date

To Date


Payment

Interest

Interest Rate

Balance

PDA Fee

31/07/2009

31/07/2009


RS41.87


14.06%

R31,965.32

R28.50

31/08/2009

30/04/2010


R674.90


14.00%

R32.583.84

R28.50

31/05/2010

31/01/2011


R764.00


14.00%

R30.072.62

R28.50

28/02/2011

28/02/2011


R783.12


14.00%

R26.444.72

R28.50

31/03/2011

30/04/2011


R796.07


14.00%

R25.998.62

R28.50

31/05/2011

31/03/2012


R875.67


14.00%

R25.064.70

R28.50

30/04/2012

30/04/2012


R957.80


14.00%

R18,593.76

R28.50

31/05/2012

30/11/2012


R1.157.59


14.00%

R17,881.39

R28.50

31/12/2012

31/12/2012


R1,434.28


14.00%

R11,208.11

R28.50

31/01/2013

30/04/2013


R1,497.27


14.00%

R9,933.09

R28.50

31/05/2013

30/06/2013


R1,647.00


14.00%

R4.426.11

R28.50

31/07/2013

31/07/2013


R1,317.47


14.00%

R1,274.11

R28.50


Debt Counsellor: Lorenco Lewis

Telephone: 0164220966

Email: juanitakamb@telkomsa.net

Fax: 0866259625

Client: MNCUNU, MOTSABI BLISS

Payment proposal for FIRST NATIONAL BANK HOME LAON PRETORIA Ref: 3000011692442


From Date

To Date


Payment

interest

interest Rate

Balance

PDA Fee

31/07/2009

31/07/2009


R552.14


12.25%

R83.350.25

R28.50

31/08/2009

30/04/2010


R687.69


12.25%

R85.405.36

R28.50

31/05/2010

31/01/2011


R709.03


12.25%

R87.399.32

R28.50

28/02/2011

28/02/2011


R726.78


12.25%

R89.384.04

R28.50

31/03/2011

30/04/2011


R738.78


12.25%

R89.598.22

R28.50

31/05/2011

31/03/2012


R812.67


12.25%

R90.009.04

R28.50

30/04/2012

30/04/2012


R888.89


12.25%

R91,568.42

R28.50

31/05/2012

30/11/2012


R1,074.30


12.25%

R91,642.79

R28.50

31/12/2012

31/12/2012


R1.351.61


12.25%

R90.846.79

R28.50

31/01/2013

30/04/2013


R1,389.54


12.25%

R90.451.07

R28.50

31/05/2013

30/06/2013


R1,528.49


12.25%

R88.673.33

R28.50

31/07/2013

31/07/2013


R1,858.02


12.25%

R87.477.70

R28.50

31/08/2013

30/04/2014


R3.175.49


12.25%

R86.541.18

R28.50

31/05/2014

30/04/2015


R3.493.04


12.25%

R65.317.25

R28.50

31/05/2015

31/12/2015


R3,842.34


12.25%

R29.793.50

R28.50

31/01/2016

31/01/2016


R727.54


12.25%

R691.98

R28.50