THULI ZUNGU | Nezwi Khanyile has been twice lucky as Consumer Line has saved his car from being repossessed by WesBank twice within two years.
WesBank repossessed Nezwi Khanyile's vehicle despite evidence he had kept to the arrangement to repay arrears.Nezwi Khanyile has been twice lucky as Consumer Line has saved his car from being repossessed by WesBank twice within two years.
He said the National Credit Act allows him to make arrangement to pay arrears or to go under debt review, but he opted for an arrangement. Consumer Line stepped in, so the bank agreed to an alternative arrangement. Since that arrangement Khanyile did not miss his monthly instalments. Consumer Line has seen statements which showed he paid R5,500 every month.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Discovery Bank set to challenge Capitec on interestDiscovery Bank is hoping to shake up the local banking sector by offering a decent interest rate on transactional account balances, by JustinBrownSA
Read more »
Discovery Bank unveils more details of what it will offerDiscovery Bank on Monday unveiled more details to the public about what it will offer including what its fee structures will be like and would sort of bank accounts it will provide.
Read more »
Eskom to borrow money from Chinese Development Bank - NUMGovernment has given Eskom a R69 billion bailout while it struggles to pay off its debt of over R420 billion.
Read more »
Reserve Bank expected to keep interest rates on holdMoody's is set to review the country's credit rating on Friday.
Read more »
Bank at heart of Gambian tyranny | News | Africa | M&G
Read more »
Reserve Bank plays it safe ahead of Moody’s reviewMoody’s Investors Service due to announce its latest investment-grade rating outlook on Friday
Read more »
Will the New Development Bank live up to its promises?Newsletter| The New Development Bank offers Africa the promise of a new way of working that is transformative and inclusive. But it must now begin to work in this way in order to live up to its name, write Marianne Buenaventura Goldman and Yared Tsegay
Read more »
Brics bank to kick off SA meetings after granting R11.2bn loan to EskomThe focus of the meetings will be to explain the New Development Bank’s mandate to investors, CEOs and boards of state-owned entities
Read more »
Brics bank to kick off SA meetings after granting R11.2bn loan to EskomThe focus of the meetings will be to explain the New Development Bank’s mandate to investors, CEOs and boards of state-owned entities
Read more »