A sting operation between the Hawks’ Serious Commercial Crime Investigation unit and National Credit Regulator resulted in the arrest of a 59 year old loan shark in Thohoyandou on Thursday 20 June 2019, for contravention of Section 133 of the National Credit Act 34 of 2005.
The operation follows a community outcry about loan sharks who are allegedly confiscating SASSA beneficiary cards when they lend money to the cardholders.
Various items including SASSA beneficiary cards, bank cards and identity documents were seized.
The suspect is expected to appear at the Thohoyandou Magistrate’s Court on 21 June 2019.
South Africa Today – South Africa News
