Debtfree Magazine Issue 11 of 2021

These unexpected deductions were for airtime and life
insurance. Credit that was granted to these consumers was
charged at high rates and left many consumers overextended.
The NCT found the loans to be reckless and so Moneyline
appealed the ruling to the Pretoria High Court. The matter
then dragged out for many years and was eventually heard
this year.
In a new development the matter has now been removed
from the court roll indicating that the NCR and Moneyline
have probably now reached an out of court settlement.
As yet it is unclear what that means for the affected
consumers. The credit provider has, however, not been
removed from the NCR register of active credit providers.