Regulatory Alerts2021-06-07
Added · Updated
Circular 01 of 2025: Update on National Consumer Tribunal Judgments Regarding Debt Counselling
The National Consumer Tribunal cancelled the registration of Payment Distribution Agency CollectNet PDA and imposed a R100,000 fine for contravening registration conditions and failing to comply with a compliance notice. The Tribunal also cancelled the registrations of debt counsellors Christopher Sethole and William Choshi, ordering them to pay fines of R25,000 and R100,000 respectively, conduct audits, refund consumers, and transfer clients. Debt counsellor Mandisa Mthembu received a two-year suspension for updating consumer statuses with false information, while Matea Maota’s registration was cancelled for similar prohibited conduct involving the DHS.
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