• Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

  • SA versus Cuba

    Cuba’s successes are worth a good look with the aim of emulating them, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Freestate credit provider fined

Feb 15 2013 15:32
Sapa

Bloemfontein - A Winburg credit provider was fined R900 000 and his agreements declared unlawful by the National Consumer Tribunal on Friday.

National Credit Regulator (NCR) CEO Nomsa Motshegare said an investigation by the regulator into Werlan Cash Loans revealed it was not registered at the time of concluding the credit agreements.

The NCR requires a credit provider to register with the NCR if it has entered into 100 credit agreements with consumers, or when the total principal debt owed under all outstanding agreements exceeds R500 000.

"It is important that credit providers ensure they register with the NCR," Motshegare said.

This would prevent their credit agreements from being declared unlawful.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

credit  |  ncr

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...