Question NW206 to the Minister of Trade and Industry
22 February 2017 - NW206
Ross, Mr DC to ask the Minister of Trade and Industry
(1)Has the investigation by the National Credit Regulator into a Satinsky (Pty) Ltd been finalised; if not, by what date will it be finalised; if so, what are the findings of the investigation; (2) Will any criminal charges be pursued against any of the perpetrators; if not, why not; if so, what are the relevant details; (3) Have any (a) fines and/or (b) settlements been agreed to; if so, what are the relevant details? NW218E
Reply:
1. The investigation into Satinsky 128 (Pty) Ltd (Satinsky) was finalised by the NCR. The NCR referred the case to the National Consumer Tribunal in October 2014. The matter has not been finally set down for a hearing, due to incomplete filing initially. In terms of the NCT current records the matter has lapsed and the process to reopen the matter is being initiated.
2. No criminal charges will be pursued. The contravention is not a criminal offense.
3. The matter is still pending at the NCT.