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[2010] ZANCT 50
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Piennar and Another v Bayport Financial Services (Pty) Ltd and Others (NCT/ 360/2009/138 (1)(P)) [2010] ZANCT 50 (2 March 2010)
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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 CENTURION
Case Number: NCT/ 360/2009/138 (1)(P)
DATE:02/03/2010
In the matter between:
HENDRIK JACOBUS PIENNAR...............................................1st Applicant/Consumer
ID:
ELIZABETH CAROLINA PIENNAR..........................................2nd Applicant/Consumer
ID:
and
BAYPORT FINANCIAL
SERVICES
(PTY) LIMITED
….......................................1st
Respondent/Credit Provider
AFRICAN BANK
LIMITED............................................2nd
Respondent/Credit Provider
CONSUMER FRIEND
(FOSCHINI
AND TRUWORTHS ACCOUNTS).............3rd
Respondent/Credit Provider
LEWIS STORES (PTY)
LIMITED..................................4th
Respondent/Credit Provider
ELLERINES HOLDINGS LIMITED
(LUBNERS ACCOUNT)......................................................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;
The draft consent order formulated as the order of the Tribunal attached hereto and marked Annexure "A" is confirmed;
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 Centurion on this 2nd Day of March 2010
MS LAURA BEST
PRESIDING MEMBER
IN T.HE NATIONAL CONSUMER
TRIBUNAL
HELD AT CENTURION .
CASE NO.
In the matter between:
Hendrik Jacobus Pienaar..............................................................................1st Applicant/Consumer
Identity number: '
and
Elizabeth Carolina Pienaar …......................................................................2nd Applicant/Consumer
Identity number:
AND
Bayport Financial Services (Pty) Ltd................................................1st Respondent/Credit Provider
African Bank Limited........................................................................2nd Respondent/Credit Provider
Consumer Friend..............................................................................3rd Respondent/Credit Provider
(Foschini and Truworths Accounts)
Lewis Stores (Pty) Ltd.......................................................................4th Respondent/Credit Provider
Ellerines Holdings Limited ….............................................................5th Respondent/Credit Provider
( Lubners Account)
DRAFT
CONSENT ORDER IN TERMS OF SECTION 86(8) READ TOGETHER
WITH
SECTION 138 OF THE NATIONAL CREDIT ACT 34 OF 2005
a. The consumer applied for debt review in terms of the National Credit Act 34 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 installments to all the credit providers, as per the agreement which is attached hereto marked: "Annexure Bn;
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 rearrangemeni facilitated by a debt counsellor under section 86(7) of the 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 installment by extending th e payment period as indicated in Annexure "B"
Creditor |
Reference
|
Annual Interest |
New Monthly installment |
Balance |
'Estimated Period in Months |
African Bank Ltd |
6202634003 |
15.50% |
R392.36 |
R19 682.86 |
63 months |
Bayport Financial Services (Pty) Ltd |
1Q137G6002A/KK 10137G6003A/KK |
34.00% 34.00% |
R340.61 R144.89 |
R11 801.41 R4 239.75 |
68 months 57 months |
Consumer Friend |
Foshini 0011010000248318 599 |
21.00% |
R74.73 |
R2 317.87 |
48 months |
|
Truworths 10100521676356 |
21.00% |
R40.00 |
R322.14 |
13 months |
|
Truworths 10100530037188 |
21.00% |
R24.91 |
R482.69 |
37 months |
Lewis Stores (Pty) Ltd |
0532-336372-02 0532-345193-13 |
21.00% 32.00% |
R225.00 R134.93 |
R7 982,41 RS 186.96 |
53 months 71 months |
|
0532-345193-14 |
32.00% |
R232.49 |
R12 356.19 |
81 months |
|
0532-336372-03 |
21.00% |
R159.23 |
R4 522,22 |
41 months |
Ellerins Holdings Ltd |
Lubuners Acc 604&-182904-3 |
21.00% |
R158.77 |
R3 664.08 |
33 months |
Dated at Centurion this the day of. 2010
Applicant/Consumer
Debt Counsellor on behalf of the Consumer
Dated at Sasolburg on this 21 Day of April 2010
1st Applicant/Consumer 2nd Applicant/Consumer
TO:
THE REGISTRAR OF THE TRIBUNAL CENTURION
1. African Bank Limited*. 2. Bayport Financial Sendees (Pty) Ltd
59 16* Road Building B, Metropolitan Office Pari
Midrand • 82 Wessel Road, Rivonia
1685 . ' 2157
3. Consumer Friend 4, Lewis Stores (Pty) Ltd
3 The Crescent Danew Place
Westway Office Park 51 Durban Road
Westville Bellville
4000 7535
5. Ellerines Holdings Limited
38ElstonSteet
Benoni
1500