Loan shark arrested in Hazyview for contravening National Credit Act
The owner of Humelela Cash Loans, a business not registered with the National Credit Regulator, was arrested by the Hawks on November 4.
Nozipho Yolanda Precious Mabuza (33) was arrested by members of the Mpumalanga Hawks’ Serious Commercial Crime Investigation team and members of the Gauteng National Credit Regulator in Hazyview on Thursday on charges of contravening the National Credit Act.
Mabuza is the owner of Humelela Cash Loans in Hazyview. The business is not registered with the National Credit Regulator.
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When the team executed the search warrant at her premises, approximately 500 bank cards, Sassa grant cards, 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 November 25 pending further investigation. She was released on R1 000 bail.
