n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - The in duplum rule : relief for consumers of excessively priced small credit legitimised by the National Credit Act

Volume 22, Issue 1
  • ISSN : 1015-0099
  • E-ISSN: 1996-2185



The National Credit Act 34 of 2005 as read with the National Credit Regulations prescribes limits on the cost of credit that may be charged by credit providers. The limits on interest rates are cold comfort for consumers of small credit, because the combined impact of interest and the newly-introduced initiation and service fees cause the cost of small credit to be potentially exorbitant.

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