Yap, he’s back: looks like ‘R699 car scheme’ guy is in trouble ...

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Yap, he’s back: looks like ‘R699 car scheme’ guy is in trouble again

Clients complain a deal they committed to is very different from what they were led to believe

Consumer journalist

The man behind the notorious “Drive a new car for R699” scheme is back with another new car deal that has buyers – and a major bank – crying foul.

Albert Venter of Pretoria introduced the “New car for R699” deal to the SA market in 2008 under his company Satinsky 128 (Pty) Ltd.

He sold about 25,000 entry level cars via a scheme that saw buyers enter into two contracts: one with a bank for the full instalment and another with the mysterious promotions company, Blue Lakes, in terms of which they had to plaster their cars with stickers advertising the “Drive a new car for R699” deal to get a monthly advertising fee...

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