LOAN SHARK ARRESTED FOR CONTRAVENING THE NATIONAL CREDIT ACT
MPUMALANGA – Nozipho Yolanda Precious Mabuza (33), was arrested by members of the Hawks Serious Commercial Crime Investigation team from Mpumalanga and members of the National Credit Regulator from Gauteng Province at Hazyview on Thursday 04 November 2021 on charges of Contravening the National Credit Act.
Mabuza is the owner of Humelela Cash loans based in Hazyview which is not registered with the National Credit Regulator. When the team executed the search warrant at her premises approximately 500 bank cards, South African Social Security Agency (SASSA) grant cards and identity documents of clients as well as over R36 000 in cash were found and seized.
These cards were illegally kept in order to ensure that clients pay back their dues monthly with inflated interests. Mabuza has since appeared in the Hazyview Magistrate’s Court. The case was postponed to 25 November 2021 pending further investigation, whilst she was released on R 1000 bail.