To: All Media
For immediate release
01 September 2017
suspected credit providers nabbed in SASSA sting operation
Government will not tolerate abuse and exploitation of the poor by credit providers. This was evident as four suspected credit providers were nabbed in a sting operation, earlier this morning in Randfontein, Gauteng.
The joint operation, comprising of South African Social Security Agency (SASSA), South African Police Services (SAPS) and the National Credit Regulator (NCR), led to the arrest of the suspects, three males and a woman aged between 42-58.
All the suspects were found in possession of 35 SASSA cards and pins, cash amounting to R17 401.00 and five South African identity documents. Two cars (a Mini Cooper and Ford Icon) and a bicycle were also confiscated from the suspects.
The modus operandi of the suspects is to recruit vulnerable social grant recipients to take up loans provided that they surrendered their SASSA cards and PIN’s for these credit providers to make withdrawals with interest on the next pay day. These acts are unlawful as they fail to comply with the provisions of the National Credit Act. A grant recipient would allegedly be given a loan without the lender even conducting basic tests of affordability. This usually results in beneficiaries of social grants being over-indebted. The affected SASSA beneficiaries are urged to make affidavits at their nearest police station to report that their cards and identity documents have been confiscated.
SASSA warns beneficiaries not to use their SASSA cards for taking out credit or give anyone their PIN codes – it is illegal! Report illegal money lending at the nearest police station or contact SASSA on 0800 60 10 11. These national operations will continue until the very last of these unscrupulous lenders are brought to book.
Issued by SASSA
For further information please contact:
Ms Nandi Mosia | Gauteng SASSA Spokesperson
Cell: 082 465 7059