Fin24.com reports:

“ The registration of two non-compliant debt counsellors has been cancelled, the National Consumer Tribunal (NCT) said on Tuesday.

This was in response to applications brought by the National Credit Regulator (NCR), the NCT said in a statement.

Petrus Martinus Ferreira trading as Ferreira Debt Counsellors (FDC) had his registration cancelled.

Ralph Zulu of GNR and Associates had his registration cancelled, but it was suspended for one year.

This meant that should Zulu contravene the National Credit Act (NCA) again within a year, he would not be allowed to continue with his business.

“Both these debt counsellors were found to have repeatedly contravened the NCA and their conditions of registration,” the NCT said.

The tribunal ruled that Ferreira through FDC had contravened the NCA in a number of ways.

He had repeatedly failed to comply with the administrative duties of debt counsellors as prescribed by the NCA and its regulations.

He also failed to comply with certain conditions of his registration.”

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