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[2009] ZANCT 4
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Olifant v ABSA Bank Ltd and Others (NCT/ 231/2009/138 (1)(P)) [2009] ZANCT 4 (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/ 231/2009/138 (1)(P)
Date:30/11/2009
In the matter between:
LEBOHANG MARIA OLIFANT.............................................................................. Applicant/Consumer
ID:
and
ABSA BANK LIMITED.......................................................................................... 1st Respondent/Credit Provider
AMERICAN SWISS a division of FOSHINI RETAIL GROUP (PTY) Ltd...........2nd Respondent/Credit Provider
FIRST
NATIONAL BANK a division of FIRST RAND
BANK.............................3rd
Respondent/Credit Provider
LEWIS STORES (PTY)
LTD................................................................................4th
Respondent/Credit Provider
WOOLWORTHS..................................................................................................... 5th 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 its Appendix marked "AA" is confirmed;
2. The p arties 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 HASLAWI PRESIDING MEMBER
IN THE NATIONAL
CONSUMER TRIBUNAL
HELD AT CENTURION
Case No:
In the matter between:
LEBOHANG MARIA OLIFANT......................................................CONSUMER/ APPLICANT
Identity number:
And
ABSA BANK
LIMITED...................................................................1st
RESPONDENT/CREDIT PROVIDER
AMERICAN SWISS a division of FOSHINI
RETAIL GROUP
(PTY) LTD …...............................................................................2nd RESPONDENT/CREDIT PROVIDER
FIRST NATIONAL BANK a division of FIRST RAND BANK......3rd RESPONDENT/CREDIT PROVIDER
LEWIS STORES (PTY) LTD...........................................................4th RESPONDENT/CREDIT PROVIDER
WOOLWORTHS...............................................................................5th 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 Credit Act 43 of 2005;
b. The debt counsellor found that the consumer is experiencing 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
Creditor |
Reference |
Annual Interest |
New Monthly Instalment |
Balance |
Estimated Period in Months |
ABSA BANK LIMITED |
5471196172973013 |
11.00% |
R120.82 |
R3 017.96 |
28 |
ABSA BANK LIMITED |
65766987 |
11.00% |
R964.73 |
R54 817.47 |
52 |
AMERICAN SWISS a division of FOSHINI RETAIL GROUP |
99727625 |
10.00% |
R613.47 |
R4 997.65 |
11 |
FIRST NATIONAL BANK a division of FIRST RAND BANK |
300001684989 |
13.65% |
Rl 622.37 |
R264 204.26 |
112 |
LEWIS STORES {PTY) LTD |
0506-328767-02 |
32.00% |
R468.49 |
R1S 188,69 |
47 |
WOOLWORTHS |
600785015S255506 |
10.00% |
R295.12 |
R6 106.60 |
23 |
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. ABSA
BANK LIMITED 5.
WOOLWORTHS
8™ FLOOR MARBLE TOWERS 93
MARKET STREET
CNR JEPPE & VON WIELLIGH STREET CAPE
TOWN
JOHANNESBURG 8000
2000
2. AMERICAN
SWISS a division of
FOSHINI RETAIL GROUP (PTY) LTD
340
VOORTREKKER ROAD
PAR ROW EAST 7500
3. FIRST
NATIONAL BANK a division of
FIRST RAND BANK
27 DIAGONAL STREET
JOHANNESBURG
2000
4. LEWIS
STORES (PTY) LTD
•51 URBAN ROAD
BELLVILLE
7535
Debt Counsellor: …......Lorenco Lewis
Telephone: …...............0164220966
Email:........................... juanitakamb@telkomsa.net
Fax:...............................0866259625
Client: OLIFANT, LEBOHANG MARIA
Payment proposal for Ref: WOOLWORTHS
From Date |
To Date |
|
Payment |
Interest |
Interest Rate |
Balance |
PDA Fee |
31/01/2009 |
31/01/2009 |
|
R246.48 |
|
10.00% |
R6,106.60 |
R17.10 |
28/02/2009 |
30/09/2009 |
|
R295.12 |
|
10.00% |
R5.979.42 |
R17.10 |
31/10/2009 |
31/10/2009 |
|
R337.40 |
|
10.00% |
R4.099.76 |
R17.10 |
30/11/2009 |
30/11/2009 |
|
R347.92 |
|
10.00% |
R3.813.62 |
R17.10 |
31/12/2009 |
30/09/2010 |
|
R382.71 |
|
10.00% |
R3.514.58 |
R17.10 |
31/10/2010 |
31/10/2010 |
|
R30.58 |
|
10.00% |
R22.41 |
R7.98 |
Debt Counsellor:.......Lorenco Lewis
Telephone: …..…....0164220966
Email:........................juanitakamb@telkomsa.net...........
Fax:............................0866259625
Client: OLIFANT, LEBOHANG MARIA
Payment proposal for American Swiss - Foschini Group dont use (cpe) Ref: 99727625
From Date |
To Date |
|
Payment |
interest |
Interest Rate |
Balance |
PDA Fee |
31/01/2009 |
31/01/2009 |
|
R512.36 |
|
10.00% |
R4.997.65 |
R28.50 |
28/02/2009 |
30/09/2009 |
|
R613.47 |
|
10.00% |
R4.597.43 |
R28.50 |
31/10/2009 |
31/10/2009 |
|
R103.23 |
|
10.00% |
R94.46 |
R7.98 |
Debt Counsellor: Lorenco Lewis
Telephone: 0164220966
Email: juanitakamb@telkomsa.net
Fax: 0866259625
Client: OLIFANT, LEBOHANG MARIA
Payment proposal for FIRST NATIONAL BANK HOME LOAN Ref: 3000011684989
From Date |
To Date |
|
Payment |
Interest |
Interest Rate |
Balance |
PDA Fee |
31/01/2009 |
31/01/2009 |
|
R1.361.36 |
|
13.65% |
R264.204.26 |
R28.50 |
28/02/2009 |
30/09/2009 |
|
R1,629.99 |
|
13.65% |
R268.916.23 |
R28.50 |
31/10/2009 |
31/10/2009 |
|
R1,875.31 |
|
13.65% |
R281,050.59 |
R28.50 |
30/11/2009 |
30/11/2009 |
|
R1,912.62 |
|
13.65% |
R282,400.73 |
R28.50 |
31/12/2009 |
30/09/2010 |
|
R2.103.89 |
|
13.65% |
R283.728.92 |
R28.50 |
31/10/2010 |
31/10/2010 |
|
R2.288.20 |
|
13.65% |
R295.857.13 |
R28.50 |
30/11/2010 |
30/11/2010 |
|
R2.299.36 |
|
13.65% |
R296.962.80 |
R28.50 |
31/12/2010 |
31/01/2011 |
|
R2.529.30 |
|
13.65% |
R298.069.89 |
R28.50 |
28/02/2011 |
28/02/2011 |
|
R2.610.52 |
|
13.65% |
R299.859.50 |
R28.50 |
31/03/2011 |
30/11/2011 |
|
R2.629.31 |
|
13.65% |
R300.688.38 |
R28.50 |
31/12/2011 |
30/09/2012 |
|
R2.892.24 |
|
13.65% |
R308,408.71 |
R28.50 |
31/10/2012 |
31/10/2012 |
|
R3.301.63 |
|
13.65% |
R315.192.85 |
R28.50 |
30/11/2012 |
30/11/2012 |
|
R3.415.99 |
|
13.65% |
R315,505.04 |
R28.50 |
31/12/2012 |
28/02/2013 |
|
R3.757.59 |
|
13.65% |
R315.706.42 |
R28.50 |
31/03/2013 |
31/03/2013 |
|
R5.530.68 |
|
13.65% |
R315,287.90 |
R28.50 |
30/04/2013 |
30/11/2013 |
|
R5.992.01 |
|
13.65% |
R313.372.12 |
R28.50 |
31/12/2013 |
30/11/2014 |
|
R6.591.21 |
|
13.65% |
R293.399.22 |
R28.50 |
31/12/2014 |
30/11/2015 |
|
R7.250.33 |
|
13.65% |
R252.180.11 |
R28.50 |
31/12/2015 |
30/11/2016 |
|
R7.975.36 |
|
13.65% |
R196,545.36 |
R28.50 |
31/12/2016 |
30/11/2017 |
|
R8.772.90 |
|
13.65% |
R123,557.02 |
R28.50 |
31/12/2017 |
28/02/2018 |
|
R9.650.19 |
|
13.65% |
R29.765.69 |
R28.50 |
31/03/2018 |
31/03/2018 |
|
R1,645.06 |
|
13.65% |
R1,598.38 |
R28.50 |
Debt Counsellor: Lorenco Lewis
Telephone: 0164220966
Email: juanitakamb@telkomsa.net
Fax: 0866259625
Client: OLIFANT, LEBOHANG MARIA
Payment proposal for ABSA Credit Card dont use (cpe) Ref: 5471196172973013
From Date |
To Date |
|
Payment |
interest |
Interest Rate |
Balance |
PDA Fee |
31/01/2009 |
31/01/2009 |
|
R100.91 |
|
11.00% |
R3.017.96 |
R7.98 |
28/02/2009 |
30/09/2009 |
|
R120.82 |
|
11.00% |
R2.980.61 |
R7.98 |
31/10/2009 |
31/10/2009 |
|
R138.13 |
|
11.00% |
R2.274.11 |
R7.98 |
30/11/2009 |
30/11/2009 |
|
R142.44 |
|
11.00% |
R2,164.81 |
R7.98 |
31/12/2009 |
30/09/2010 |
|
R156.68 |
|
11.00% |
R2.050.19 |
R7.98 |
31/10/2010 |
31/10/2010 |
|
R169.73 |
|
11.00% |
R696.19 |
R7.98 |
30/11/2010 |
30/11/2010 |
|
R171.24 |
|
11.00% |
R540.82 |
R7.98 |
31/12/2010 |
31/01/2011 |
|
R188.36 |
|
11.00% |
R382.52 |
R7.98 |
28/02/2011 |
28/02/2011 |
|
R35.39 |
|
11.00% |
R27.16 |
R7.98 |
Debt Counsellor: Lorenco Lewis
Email: juanitakam
b@telkomsa.net
Client: OLIFANT, LEBOHANG MARIA Payment proposal for Lewis Ref: 0506-328767-02
From Date |
To Date |
|
Payment |
Interest |
Interest Rate |
Balance |
PDA Fee |
31/01/2009 |
31/01/2009 |
|
R391.28 |
|
32.00% |
R15,188.69 |
R17.10 |
28/02/2009 |
30/09/2009 |
|
R468.49 |
|
32.00% |
R15.635.37 |
R17.10 |
31/10/2009 |
31/10/2009 |
|
R535.61 |
|
32.00% |
R15.332.64 |
R28.50 |
30/11/2009 |
30/11/2009 |
|
R552.31 |
|
32.00% |
R15,234.40 |
R28.50 |
31/12/2009 |
30/09/2010 |
|
R607.54 |
|
32.00% |
R15,116.84 |
R28.50 |
31/10/2010 |
31/10/2010 |
|
R658.13 |
|
32.00% |
R13,130.75 |
R28.50 |
30/11/2010 |
30/11/2010 |
|
R663.98 |
|
32.00% |
R12,851.27 |
R28.50 |
31/12/2010 |
31/01/2011 |
|
R730.38 |
|
32.00% |
R12,558.49 |
R28.50 |
28/02/2011 |
28/02/2011 |
|
R753.84 |
|
32.00% |
R11,814.73 |
R28.50 |
31/03/2011 |
30/11/2011 |
|
R759.26 |
|
32.00% |
R11,404.45 |
R28.50 |
31/12/2011 |
30/09/2012 |
|
R835.19 |
|
32.00% |
R7,128.58 |
R28.50 |
31/10/2012 |
31/10/2012 |
|
R189.14 |
|
32.00% |
R167.57 |
R17.10 |