Timeshare owner? You may soon get all your money back

Commercial attorney Trudie Broekmann is planning a class action against time-share abuses against consumers.

She demands the full return of clients’ “investments”, as the contracts are illegal and don’t comply with the Consumer Protection Act.

Broekmann has thus far legally terminated the contracts of 48 clients of time-share suppliers Quality Vacation Club, African Club Innovations (ACI), Multi Destination Club, Dream Vacations, Lifestyle Vacation Club and Flexi Club.

There are 740 000 timeshare owners in South Africa, according to a 2011 Grant Thornton study.

The Money Show's Bruce Whitfield interviewed Broekmann.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

These contracts are void, from the very start... Literally every contract I’ve gone through…

Trudie Broekmann

I have a client who has spent R500 000 without ever having booked once.

Trudie Broekmann

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Why are you still paying an advisor when your investments are not growing?

Why are you still paying an advisor when your investments are not growing?

Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Fraudsters are getting professional, scamming consumers with ingenious methods

Fraudsters are getting professional, scamming consumers with ingenious methods

“It makes all of us a target to fraudsters,” warns Manie van Schalkwyk of the South African Fraud Prevention Service.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

How to best save and invest for your children

How to best save and invest for your children

Personal finance advisor Warren Ingram has advice for parents wanting to ensure an excellent education for their kids.

Popular articles
4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

Fraudsters are getting professional, scamming consumers with ingenious methods

Fraudsters are getting professional, scamming consumers with ingenious methods

“It makes all of us a target to fraudsters,” warns Manie van Schalkwyk of the South African Fraud Prevention Service.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

[WATCH] 'If this world were mine', grocery store impromptu rendition goes viral

[WATCH] 'If this world were mine', grocery store impromptu rendition goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

Forensic investigator pokes holes in Watson death probe

Forensic investigator pokes holes in Watson death probe

The recent findings of a private pathologist ruled out suicide as the cause of death of the former Bosasa boss.