n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - The prevention and alleviation of consumer over-indebtedness
|Article Title||The prevention and alleviation of consumer over-indebtedness|
|© Publisher:||Juta Law Publishing|
|Journal||SA Mercantile Law Journal = SA Tydskrif vir Handelsreg|
|Publication Date||Jan 2008|
|Pages||200 - 226|
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.
Article metrics loading...