rasefatee

thiefs arrest them all they are pushing people back into the hell fire of poverty nxaa
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DeCock1

arrest them all....

but looking at it from an alarmed point of view....these loan sharks do help our people in times of need...what security do they have of repayments...??
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dimpho_4U

mashonisa! hahaha
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Mrazane

They are not called "mashonisa" for nothing! DeCock1 once it is a shark there is no help, if I don't have R100 today where will I have R160 at the end of the month. If ngishode nge R100 this month ulindele iR160 uthi ngiyitataphi ngingana R100 ku manje? If one borrows once off from them I would agree that they help but these people are stuck in this cycle because of the ridiculous interest charged by these guys.
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Ruudboy

but looking at it from an alarmed point of view....these loan sharks do help our people in times of need...what security do they have of repayments...??**********************************************************************************************************


true dat, we have one around our area who confiscates your furniture 4 non payment
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tumzangwana

boDingDong ba tletse ka fontle maan.
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rasefatee

“Such operations will be extended to other parts of the country and credit providers are warned that the NCR will not condone these practices
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Zakwe please start with limpopo seshego juju is also a skopper
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MsKinkyakaKamaSutra

Arrest them all together wit the victims (they dont listen)
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TKay

but "skoppers" dont force anyone to seek credit from them and the procedure is explained prior
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mopres

I don't condone how they conduct their business but they help a lot and also destroy a lot.Getting credit through banks is a hassle this days since a lot of people are blacklisted............and for other people its the only way you can ever qualify for a loan
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nwanawahaya231

matshonisa they have lost big time. but once they are out in bail they will look for their money.
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RobinH

Promoting the use of credit is already a crime in my book. Add to this exorbitant interest rates charged by these people, and the "good samaritan" image suggested by DeCock and TKay falls a bit flat. The procedure may be explained, but I would suggest that the grayer areas around non-payment are dealt with very superficially and also that the majority of those using such people are pretty unsophisticated and can be easily hoodwinked. I maintain that one should strive to live within one's means without credit if at all possible. In order to achieve that in my own life, I do not own a house (don't want to borrow from a bank), and pay my rent cash. I also do not own a car, but use public transport. I use state health facilities whenever possible. Although I have put 3 children through school and college, I may not be wealthy, but I don't owe anyone anything. If I can't afford something, I do without, and I have tried to instill that in my children.
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DeCock1

we must understand that money lending is a business...people are grateful when they are given the money...and not forthcoming when repayment has to be made...where does that leave the lender...taking peoples belongings is a criminal act...what remedies do they have...litigation over petty amounts is not cost effective...also time consuming (small claims court)
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DeCock1

RobinH

I failed to see that you included me in your comment above...point of correction, I am not in any way painting them as 'good samaritans'

For your info man, we all need credit...or at least those of as that are not well off...im being practical as I can be on this issue...as a black man growing up under very difficult conditions, I know very well that they do come handy at times...or at least they did...but that does not warrant that they exploit people...like i said above, they run a business...and the way they run it should be regulated thus NCR is taking action...i dont expect you to understand...but if I loan someone R500, I expect them to pay it back...its not a donation and when you signed the contract, it clearly states - loan!
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RobinH

DeCock. One knows they are conducting business. Obviously. But there are moral ways of doing business and then there are other methods that involve broken arms and legs and so on. They aren't called "skoppers" because they play good rugby. They have the living sh!t kicked out of defaulters. Also obvious that one wants money one lends repaid. I am not for a second suggesting that they simply write their losses off. BUT they should abide by laws that protect unsophisticated people. As for :"we all need credit"....... I disagree for the very reasons detailed in my comment above. I don't use credit. Klaar! If I can't afford I don't have. Simple as that. The lifestyle of living according to one's credit rating rating is an aberration we have taken on from the US, where weal th is not determined by what one owns, but by the amount of credit one can raise. An altogether sick way of viewing economics in my opinion. Particularly in a continent such as ours.
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TKay

@RobinH
Its true, they dont come knocking at your door but instead people go to them - what do you say about cellphone companies that call people daily (without even knowing were the h3ll they get peoples number) convincing you to take a cellphone contract and at the end of the day when you cant pay they threaten legal action on you. No one is forced to take credit and they always explain to you the steps that will be taken if you fail to pay and you agree - so dont blame anyone
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RobinH

TKay: STructurally really the same thing, but just a lot worse. I report such people immediately to the Public Protector's office. Worse even is ones that "subscribe you automatically to their service - with a cost attached - and then you actually have to pay the cost of the SMS saying STOP to unsubscribe. I got one like that yesterday and according to the PPs office they are completely illegal. I would LOVE to know where they get my number!
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Oupatjie

Very smart and good move I think you should go to Hanover as well. Justice must not smile and laugh with crooks they deserve 10 years in jail.
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oldlady2

Government should relax the credit laws and interest to assist the poorer people in our country then we would not have this problem. Banks get stin.king rich from the middle and upper class people, and they should be forced to have assistance schemes fo poorer people.
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Pointman

@MsKinkyakaKamaSutra - Arrest them all together wit the victims (they dont listen)
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Quite a good suggestion.
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2bsManyoba

If u need money you can contact me. I am not a loan shark but a loan chicken.
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G-ruff

It should ve been the one I owe, thats why I cant even access my sowetan account6 recently. mxi!
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