Primary briefing · Judgment
high impact Supreme Court of Appeal · 11 May 2026
National Credit Regulator v First Group Investment Holdings (Pty) Ltd and Another
The NCR referred a complaint against First Group to the National Consumer Tribunal. The Tribunal dismissed five preliminary points in limine raised by First Group. First Group appealed that interlocutory ruling to the High Court under s 148(2)(b) of the NCA. The High Court entertained the appeal, upheld the preliminary defences, and ordered costs against the NCR. The NCR appealed to the SCA. The Tribunal's merits hearing had been suspended for over three years pending these interlocutory proceedings.
The court held: The majority (Matojane JA, Mokgohloa and Kathree-Setiloane JJA concurring) upheld the NCR's appeal and struck the matter from the High Court roll. The majority held that the definite article 'the' and the phrase 'in that matter' in s 148(2)(b) confine appealability to the Tribunal's substantive final disposition of the referral, not to every interlocutory ruling made during proceedings. Allowing piecemeal appeals would frustrate the NCA's objects of expeditious, informal consumer protection. The minority (Makgoka JA, Goosen JA concurring) would have distinguished between dilatory and declinatory defences, holding the latter appealable, and would have addressed the merits.
Legal impact: This judgment develops the interpretation of s 148(2)(b) NCA by closing off the procedural avenue credit providers have used to delay NCR enforcement through piecemeal High Court appeals of Tribunal interlocutory rulings. Credit providers must now engage with the merits before the Tribunal and can appeal only after a final determination. The SCA also reinforced that Tribunal proceedings are inquisitorial and informal under s 142(1), and that courts must not impose motion-court procedural standards on Tribunal hearings. The costs principle — that organs of state pursuing legitimate public interest litigation should not bear costs unless they acted partially or unreasonably — was reaffirmed.
Who is affected
Credit providers subject to NCR enforcement proceedingsHoliday club and timeshare operatorsConsumer credit litigation practitionersIn-house counsel advising regulated credit businessesNational Credit Regulator enforcement teams What this means for practitioners
Credit providers facing NCR referrals to the Tribunal must reassess defence strategy: interlocutory dismissals of preliminary points cannot be appealed to the High Court and must be challenged only after a final Tribunal determination.
Litigation counsel should withdraw or not pursue any pending High Court appeals from NCT interlocutory rulings, as these are now clearly without jurisdictional basis.
Practitioners should prepare for Tribunal proceedings on the merits rather than relying on procedural delay through piecemeal appeals.
Note the SCA's confirmation that Tribunal proceedings are informal and inquisitorial — do not assume motion-court procedural rules apply.