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Trio Sentenced for Loan Sharking

MPUMALANGA – Three accused, Nelson Noah Ntimane (30), Bongani Bonginkosi Mhlanga (42) and Rabbi Vusi Maphosa (52), pleaded guilty and were sentenced by the Nelspruit District Court in terms of Section 112 (2) of the Criminal Procedure Act, Act 51 of 1977, (LOAN SHARK) MASHONISA, on Friday, 11 October 2024.

The sentence follows the accused arrests during a search and seizure operation conducted by the team comprising of Nelspruit based Serious Commercial Crime investigation, members of the National Credit Regulator (NCR), South African Social Security Agency (SASSA) and the State Prosecutor, on 21 May 2024, at Mbombela Central Business District (CBD) following information received regarding suspects operating cash loan businesses, not registered with the National Credit Regulator (NCR) and retaining bank & sassa cards of borrowers/consumers to secure payments.

They were sentenced respectively as follows:

Nelson Noah Ntimane (30), sentenced to R10 000-00 fine or 18 months imprisonment.

Bongani Bonginkosi Mhlanga (42), sentenced to R 8 000-00 fine or 12 months imprisonment and

Rabbi Vusi Maphosa (52), was sentenced to R 24 000-00 fine or 24 months imprisonment, of which R 18 000.00 or 18 months imprisonment wholly suspended for five (5) years on condition that accused not be convicted on charges of contravening the provisions of Section 90(2) read with Section 133 of the National Credit Act, Act 34 of 2005 committed during the period of suspension.

The Provincial Head of the Directorate for Priority Crime Investigation Major General Gerber welcomed the sentence and applauded the investigative team for the speedy finalization of the investigation.

Major General Gerber is warning the public not to borrow money from loan sharks / mashonisa that is not registered with the National Credit Regulator ( NCR). The public is also advised not to provide or submit personal bank cards, Identity document as well as SASSA cards to any cash loan for securing the payment to the loan sharks as the SASSA cards are state property.

Major General Gerber strictly warns these perpetrators (Mashonisas) not to operate cash loan businesses not registered at the National Credit Regulator and retaining bank cards, SASSA card, and Identify documents from the consumers or borrowers. He concluded.

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