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Mogabe v ABSA Bank Ltd and Others (NCT/ 277/2009/138 (1)(P)) [2010] ZANCT 6 (13 January 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


THE NATIONAL CONSUMER TRIBUNAL

HELD IN CENTURION



Case Number: NCT/ 277/2009/138 (1)(P)

DATE:14/01/2010



In the matter between:



TSHEKANA DAVID MOGABE...........................................................Applicant/Consumer

ID:....

and

ABSA BANK LIMITED......................................................1st Respondent/Credit Provider

DIRECT AXIS SA (PTY) LTD..........................................2nd Respondent/Credit Provider

FIRST NATIONAL BANK a division

of FIRST RAND BANK....................................................3rd Respondent/Credit Provider
EDGARS a division of EDCON (PTY) LTD....................4th Respondent/Credit Provider

THE MOTOR FINANCE

CORPORATION t/a MFC............................................... 5th Respondent/Credit Provider
NEDBANK LIMITED.........................................................6th Respondent/Credit Provider

TRUWORTHS LIMITED...................................................7th Respondent/Credit Provider

WOOLWORTHS...............................................................8th 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 14 day of January 2010




PROF TANYA WOKER

PRESIDING MEMBER

IN THE NATIONAL CONSUMER TRIBUNAL
HELD AT CENTURION


Case No:

In the matter between:

TSHEKANA DAVID MOGABE..............................................................CONSUMER/1st APPLICANT

Identity number:

And

ABSA BANK LIMITED.........................................................1st RESPONDENT/CREDIT PROVIDER

DIRCT AXIS SA (PTY) LTD................................................2nd RESPONDENT/CREDIT PROVIDER

FIRST NATIONAL BANK a division of

FIRST RAND BANK...........................................................3rd RESPONDENT/CREDIT PROVIDER

EDGARS a division of EDCON (PTY) LTD.........................4th RESPONDENT/CREDIT PROVIDER

THE MOTOR FINANCE CORPORATION t/a MFC............5th RESPONDENT/CREDIT PROVIDER

NEDBANK LIMITED............................................................6th RESPONDENT/CREDIT PROVIDER

TRUWORTHS LIMITED....................................................7th RESPONDENT/CREDIT PROVIDER

WOOLWORTHS.................................................................8th RESPONDENT/CREDIT PROVIDER


DRAFT CONSENT ORDER IN TERMS OF SECTION 86(8) READ TOGETHER WITH SECTION 138 OF THE NATIONAL CREDIT ACT 34 OF 3005



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 NationalConsumer 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

5471200071716018

14.00%

Rl 107.98

R26 771.01

28

ABSA BANK LIMITED

4787692020598012

14.00%

R568.19

R12 303.15

26

ABSA BANK LIMITED

4565460147869015

14.00%

R68.00

R3 301.71

39

DIRECT AXIS SA (PTY) LTD

DEA53772K

0.00%

R255.78

R13 691.76

36

FIRST NATIONAL BANK a division of FIRST RAND BANK

4901380206730000

17.00%

R433.51

R7 522.53

22

EDGARS a division of EDCON (PTY) LTD

550825 5263 086

26.00%

R277.76

R9 500.00

37

THE MOTOR FINANCE CORPORATION t/a MFC

MO6ABE09016440

14.00%

R891.00

R109 433.27

61

NEDBANK LIMITED

5898460732013925

22.40%

R141.10

R2 724.26

26

TRUWORTHS LIMITED

10100170052547

10.00%

R180.80

R3 179.35

21

WOOLWORTHS LIMITED

6007850151149034

10.00%

R170.38

R4 355.12

28



DATED at Centurion this the - ___ day of 2009




REGISTRAR OF THE NATIONAL CONSUMER TRIBUNAL

j.


Applicant/Consumer

Debt Counsellor on behalf of the Consumer



TO:


THE REGISTRAR OF THE TRIBUNAL CENTURION


1. ABSA BANK LIMITED
8THFLOOR MARBLE TOWERS

CNR JEPPE & VON WIELLIGH STREET

JOHANNESBURG

2000



2. DIRECT AXIS SA (PTY) LTD

6th FLOOR

SUNCLARE BUILDING

21 DREYER STREET

CLAREMONT
7735



3. FIRST NATIONAL BANK a division of
FIRST RAND BANK

27 DIAGONAL STREET
JOHANNESDURG

2000


4. EDGARS a division of EDCON (PTY) LTD
EDGARDALE PRESS AVENUE
CROWN MINES

2025


5.THE MOTOR FINANCE CORPORATION t/a MFC
1st FLOOR REGENT LIFE HOUSE

    6E HERMAN ROAD

    CNR COROBRICK ROAD

    MEADOWDALE

    1610

6. NEDBANK LIMITED

    100 MAIN STREET

    JOHANNESBURG

    2000

7. TRUWORTHS LIMITED

    1 MOSTERDSTREET

    CAPE TOWN

    8000

8. WOOLWORTHS

    93 LONG MARKET STREET

    CAPE TOWN

    8000