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/ 270/2009/138 (1)(P)
DATE:21/01/2010

In the matter between:

MATSOBANE JACK MATLOU.....................................................st Applicant/Consumer
ID:
and
AFRICAN BANK LIMITED	…...........................................st Respondent/Credit Provider
ATLAS FINANCE.............................................................nd 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 21 day of January 2010

MR. XOLELA MAY
PRESIDING MEMBER

IN THE NATIONAL CONSUMER TRIBUNAL
HELD AT CENTURION
Case No:

In the matter between:
MATSOBANE JACK MATLOU........................................./1st APPLICANT
Identity number: 
And
AFRICAN BANK LIMTED..................................st RESPONDENT/CREDIT PROVIDER
ATLAS FINANCE (PTY) LTD..........................ND RESPONDENT/CREDIT PROVIDER

DRAFT CONSENT ORDER IN TERMS OF SECTION 86(8) READ TOGETHER WITH SECTION 138 OF THE NATIONAL CREDIT ACT 34 OF2005

WHEREAS:

"Annexure B";

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 extending the payment period as indicated in Annexure "C"

Creditor	Reference	Annual Interest	New
Monthly
Instalment	Balance	Estimated Period in Months	
AFRICAN BANK LIMITED	3785895004	31.00%	R270.73	R6 055.50	38	
AFRICAN BANK LIMITED	75001732548	21.50%	R121.75	R4 405.38	49	
AFRICAN BANK LIMITED	3785895005	27.55%	R102.25	R4 163.85	51	
ATLAS FINANCE (PTY) LTD	6006225561084	10.00%	R455.27	R20 000.00	48	

DATED at Centurion this the	day of	2009 REGISTRAR OF  THE NATIONAL CONSUMER TRIBUNAL

Applicant/Consumer
Debt Counsellor on behalf of the Consumer TO:

THE REGISTRAR OF THE TRIBUNAL CENTURION

1.	AFRICAN BANK LIMITED
59 16TH ROAD
MIDRAND
1685

2.	ATLAS FINANCE (PTY) LTD
PO BOX 61755
MARSHALLTOWN
2107