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[2010] ZANCT 6
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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