SAFLII Note: Certain personal/private details of parties or witnesses have been redacted from this document in compliance with the law and SAFLII Policy	

IN THE NATIONAL CONSUMER TRIBUNAL
 HELD IN CENTURION

Case Number: NCT/ 296/2009/138 (1)(P)
DATE:02/02/2010

In the matter between:

RONALD MANGALISA.................................................................st Applicant/Consumer
ID:
and
BLUE FINANCIAL SERVICES (PTY) LIMITED................st Respondent/Credit Provider
KADET INVESTMENTS (PTY) LIMITED	….....................nd Respondent/Credit Provider
ADDCON (PTY) LIMITED.................................................rd Respondent/Credit Provider

CONSENT ORDER

The Tribunal having read the papers filed of record and heard the Debt Counsellor;

The Tribunal, being satisfied that the Applicant and the Respondents are parties to a debt re-arrangement facilitated by a Debt Counsellor under section 86(7)(b) read together with section 138(1) of the National Credit Act, Act 34 of 2005 ;(the Act).

The Tribunal hereby orders that;
1.	The draft consent order formulated as the order of the Tribunal attached hereto and marked Annexure "A" confirmed;
2.	The parties are warned that failure to comply with the order of the Tribunal constitutes an offence in terms of section 160(1) of the Act.

Dated and signed at Centurion on this 2ndDay of February 2010

ADV F. MANAM ELA 
PRESIDING MEMBER

IN THE NATIONAL CONSUMER TRIBUNAL
HELD AT CENTURION	

Case No:

In the matter between:
RONALD MANGALISA  NETHANANI.................................st APPLICANT/CONSUMER
Identity number: ….
And
BLUE FINANCIAL SEVICES (PTY)LTD.............st RESPONDENT/CREDIT PROVIDER
KADET INVESTMENTS...................................ND RESPONDENT/CREDIT PROVIDER
REAL PEOPLE FINANCE (PTY) LTD............RD  RESPONDENT/CREDIT PROVIDER

DRAFT CONSENT ORDER IN TERMS OF SECTION 86(8) READ TOGETHER WITH SECTION 138 OF THE NATIONAL CREDIT ACT 34 OF 2005

WHEREAS:

a.	consumer applied for debt review in terms of the National Credit Act 43 of
2005;

b.	debt counsellor found that the consumer is experiencing difficulty satisfying all
obligations under the credit agreements in a timely manner;

c.	debt counsellor recommended a restructuring of the payment instalments to all the
credit providers, as per the agreement which is attached hereto marked:
"Annexure B";
d.	the respective credit providers and the consumer/applicant consented to this agreement,
which consents are hereto attached marked "Annexure C"
NOW THEREFORE:
The Tribunal, being satisfied that the Applicant and Respondent are parties to a debt rearrangement facilitated by a debt counsellor under section 86(7) of National Credit Act, hereby orders, by consent of the parties:

1. That the payment structures of the agreement between the Applicant and the Respondents as set out in Annexure "B", be made an order of the National Consumer Tribunal;
2. Which agreement restructures the payment instalment by extending the payment period as indicated in Annexure "C"

Creditor	Reference	Annual Interest	New
Monthly
Instalment	Balance	Estimated Period in Months	
BLUE FINANCIAL SERVICES f PTY)LTD	425601	15.50%	R4Q5.48	Rl 096.56	38	
KADET SNVESTMENTS	7386/34625	15.50%	R545.47	R6 210.30	17	
REAL PEOPLE FINANCE (PTY) LTD	3804394	35,40%	R556.71	R10 075.35	26	

DATED 	 	

PRESIDING OFFICER

Debt :
THE CENTURION

BLUE FINANCIAL SERVICES (PTY)LTD 
107 HAYMEADOW STREET 
BROADWALK OFFICE PARK BUILDING 
10 LYNNWEED RIDGE
 0040

KADET INVESTMENTS
BLOCK C WATERFRONT COURT
LITTLETON
CENTURION
0046
REAL PEOPLE FINANCE 
ESPLANADE BUILDING 
8 CLIFFORD STREET 
QUIGNEY 
5211