The Latest Amendments to the National Credit Act

The Latest Amendments to the National Credit Act

The latest amendments to the National Credit Act, gazetted on Friday 13 March, carry far-reaching implications for both consumers and unsecured credit providers. These amendments were made in response to the exorbitant growth of over-indebtedness among South Africa’s consumers. Currently standing at an incredible R1.57 trillion. These amendments have taken us one step closer to