October 20, 2021
Scam/Fraud

Class action suit against alleged sham ‘loan’ sites will cover all who lost out – law clinic


The lawsuit is one of the first to test South African’s little-used class action laws.

Stellenbosch University’s Law Clinic says that tens of thousands of South Africans whose search for online loans resulted in them being “tricked” into buying a year of unwanted telephonic legal advice will be automatically covered by an upcoming class-action lawsuit.

The law clinic has had its class-action lawsuit against the companies behind a dozen websites with names such as Loan Hub SA, Loan Locator SA and Loan Spotter SA certified by the Western Cape High Court.

The lawsuit is one of the first to test South African’s little-used class action laws. It has been certified as an “opt-out” suit, meaning it will automatically cover everyone who had money debited from their bank accounts after visiting the sites.

Read full article here: www.news24.com