Two sisters and a friend appeared in the Bellville Commercial Crime Court in connection with running an illegal loan business.
|||Cape Town - Two sisters and a friend appeared in the Bellville Commercial Crime Court on Wednesday in connection with running an illegal loan business.
The three, Nomendu and Sellina Ndube, and their friend Nomonde Dyasi, allegedly gave short-term loans to people without a license to do so and stipulated unlawful conditions.
Prosecutor Tracey Bellelie told the court the women would plead on Friday to 72 counts of violating the National Credit Act, and one contravention of the Financial Advisory and Intermediary Services Act.
The 72 counts involved two individual loans of R2000, and 70 loans ranging between R100 and R300.
According to the charge sheet, Sellina was the mastermind in the venture, and got her sister and Dyasi to assist in the day-to-day running of the loan business.
It was alleged that loans were advanced to loan-seekers on condition that they repaid the loan in full, together with interest dictated by Sellina.
The loan-seekers had to also allegedly give the women their identity documents, or bank credit cars, debit cards, or ATM access cards, in order to obtain their loans.
They also had to provide them with their bank card pin numbers.
The loans were given in 2010 and 2011.
The case was postponed to Friday. - Sapa