Court order opens the way for massive relief after overcharging on interest and debt collection 🔒
Government employees paying off creditors by salary deductions are more than R1bn out of pocket after being overcharged for interest and debt-collection fees by lenders, including one they effectively own through their pension fund.
But the company that administers garnishee orders for government has put a stop to these orders following a judgment handed down by the High Court in Cape Town on Friday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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