Black Sash has accused Moneyline of using social grants as collateral for loans.
released in 2020 by human rights organisation Black Sash and the London School of Economics and Political Science found that systems set up by Net1 through CPS — while CPS was administering Sassa grants — created an environment in which lenders made low-risk loans to social grant recipients while charging them high-risk interest rates.
The Tribunal then ruled that the complaint was valid and that there were “good reasons” to investigate Moneyline. The ruling by the three Tribunal members was not unanimous.. The appeal, which the NCR opposed, was first heard on 4 December 2018 at the Pretoria high court. On 30 August 2019, the court ordered that the Tribunal be included as a respondent and the appeal hearing was postponed to 27 October 2021.
Meanwhile, Black Sash National Advocacy Manager Hoodah Abrahams-Fayker, said the organisation was disappointed that Moneyline had not been held accountable “for its predatory financial practices in the past, targeting social grant beneficiaries”.
We first contacted the NCR on 27 October. The NCR promised to respond but had not done so by the time of publication.
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