n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - The prevention and alleviation of consumer over-indebtedness

Volume 20, Issue 2
  • ISSN : 1015-0099
  • E-ISSN: 1996-2185



Current data on volumes of consumer credit extended in South Africa is unreliable and incomplete. This problem came about as there existed different authorities dealing with bank and non-bank credit. The South African Reserve Bank collected data from banks; Statistics SA collected data from retailers, which included sales on open account; and the Micro Finance Regulatory Council collected data from the micro-lenders. However, it is estimated that the size of the credit market is currently some R800b.

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