Question NW205 to the Minister of Trade and Industry
22 February 2017 - NW205
Terblanche, Ms JF to ask the Minister of Trade and Industry
When will the matters before the National Consumer Tribunal relating to certain banks, Nedbank Limited and Standard Bank South Africa be finalised?
Reply:
The matter between NCR v Nedbank was referred to the National Consumer Tribunal on September 2015. Pleadings were due to close on 19 October 2015. The Respondent however, filed for a Condonation application on 22 January 2016 to extend the time period for the filling of its answering affidavit. The NCT is still considering the Application for Condonation which was rendered complete on 02 December 2016. The matter still needs to be set down for pre-hearing after the Condonation ruling is issued. The Tribunal anticipates the Condonation ruling being issued to the parties before the end of February 2017. The pre-hearing will be set down in April 2017 with the hearing set down for June 2017 subject to the availability of both parties.
The matter between NCR v Standard Bank was referred to the National Consumer Tribunal in July 2015. The matter has been set down for a hearing on 26, 27 and 28 July 2017. The judgment may be issued during August 2017.