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STA Travel closure: Consumers paid last when company becomes insolvent, says NCC

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STA Travel closure: Consumers paid last when company becomes insolvent, says NCC STATravel

JOHANNESBURG – The sudden closure of STA Travel South Africa left customers wanting refunds for their cancelled holiday bookings.Many consumers have been left wondering if they would be reimbursed.

The National Consumer Commission 's Joseph Selolo said consumers were usually the last to be paid on a hierarchy of creditors when a company is liquidated.“This is one of the most complicated cases one would have to deal with. I really sympathise with the consumers.” Selolo said.

 

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