Court orders costs to financier for complying with NCA

An attempt to use the National Credit Act (NCA) to avoid his vehicle from being repossessed by a bank blew in  a car owner’s face with a court granting an order to the financier and ordering him to pay legal costs. 

Businessman Moleko Malefane had been struggling to make repayments for his Range Rover Sport SVR, which he bought for R2.8m and was financed by BMW Financial Services in 2018...

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