The Eastern Cape High Court in Port Elizabeth reserved judgment following argument regarding the R699 car sales scheme, a lawyer representing consumers said on Thursday.
"The matter was argued on an urgent basis and judgment was reserved," Duncan Heuer said.
"A date was not given. The judge will notify us of his judgment."
A group of apparently 550 consumers - led by Heuer of Pieterse Cary Finlaison - approached the court to declare contracts between the banks and car buyers null and void.
About 17,000 people were believed to have been affected by the scheme which offered to cut repayments on new cars to about R699, if the motorists drove a minimum distance with pasted advertisements about the scheme on their cars.
The scheme collapsed in July - with banks now calling for full repayments - amounts not affordable for all those involved.
Judgment reserved in R699 case
The Eastern Cape High Court in Port Elizabeth reserved judgment following argument regarding the R699 car sales scheme, a lawyer representing consumers said on Thursday.
"The matter was argued on an urgent basis and judgment was reserved," Duncan Heuer said.
"A date was not given. The judge will notify us of his judgment."
A group of apparently 550 consumers - led by Heuer of Pieterse Cary Finlaison - approached the court to declare contracts between the banks and car buyers null and void.
About 17,000 people were believed to have been affected by the scheme which offered to cut repayments on new cars to about R699, if the motorists drove a minimum distance with pasted advertisements about the scheme on their cars.
The scheme collapsed in July - with banks now calling for full repayments - amounts not affordable for all those involved.
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