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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