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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;

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