The National Credit Amendment Bill proposes alternative relief to sequestration for persons who are insolvent
The National Credit Amendment Bill (the Bill) is set to become law after President Ramaphosa signed the Bill into our legislation in August 2019. The Bill reiterates the purpose of the National Credit Act namely, to promote and advance the social and economic welfare of South Africans; to promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market industry; and to protect low-income South Africans. The Bill came about due to categories of consumers who do […]