Alpha Direct loses against NBFIRA

The insurer before Court proceedings had refused to pay its two clients, one for a stolen vehicle after suspecting foul play and another for damage to property and later challenged NBFIRA’s powers in court. Alpha Direct had refused to pay client, Tumelo Motlhala for the stolen vehicle and Arsh Investments for damage to its property after its building was affected a storm.

The Court of Appeal in its judgement dismissed the appeal by the insurer saying the whole appeal was without merit.