R699 scheme: Victims to stage nationwide protests
People who bought cars under the discontinued scheme are reportedly being held personally liable.
JOHANNESBURG - Victims of the R699-a-month car scheme are organising a nationwide protest against the country's major banks.
Reports say people who bought cars under the discontinued scheme are being held personally liable for the full costs of the purchased vehicles.
Buyers claim banks altered essential details on their loan application forms and say they are now being denied access to the original copies.
Affected motorists say they will host sit-ins at major banks across the country to force institutions to disclose information.
Consumer activist Simon Lapping says buyers are demanding full access to their records.
Last month, the group took to the courts demanding that contracts with banks including Absa, Nedbank and Standard Bank be declared null and void.
However, the Eastern Cape High Court has since dismissed the application allegedly due to a lack of evidence.