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South African Timeshares – Public Inquiry

In South Africa, there is in excess of 200 resorts and over 600,000 people who own timeshares. The industry has come under the spotlight and it has become apparent that consumers are not so happy.

There have been many allegations and complaints against the timeshare industry and the National Consumer Commission are now looking to kickstart a public inquiry. The inquiry will optimistically get to the bottom of the allegations that consumers have made, such as being conned into signing contracts that last a lifetime and not being able to cancel the contracts once they have signed them.

Consumers are … Read more

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How to establish whether you were unlawfully sold timeshare

There is a misconception that timeshare is property investment.

 

There is a good reason for this. Over the past five years, fractional ownership has been sold as an investment vehicle by both Club La Costa and Diamond Resorts. While this has been the case, consumers will be pleased to learn that the Financial Ombudsman Service (FOS) have very recently ruled in favour of the consumer.

The FOS investigation and determination found that fractional timeshare is not an investment and should never have been sold as one.

Timeshare was once fashionable in the 1980s and saw a massive growth across … Read more

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