Public Notice - The Elect Pawnshop (Pty) Ltd

The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) would like to inform members of the public that it has revoked The Elect Pawnshop (Pty) Ltd (“The Elect”)’s exemption to trade as a pawnshop.

The effect of the revocation of exemption is that The Elect shall no longer be permitted to issue new loans, including top ups to their existing clients or carry out any other service of a pawnshop. For the avoidance of doubt, existing customers are not exempted from servicing their loans and should therefore continue with their loan repayments in the normal course.

For further clarification, please contact NBFIRA on 3686100 or 3102595.

Oduetse A. Motshidisi

CHIEF EXECUTIVE OFFICER