n Professional Accountant - Introducing the National Credit Regulator

Volume 2011 Number 1
  • ISSN : 1680-7537


Extracted from text ... Introducing the National Credit Regulator South African consumers will now be protected from reckless lending, high interest rates and unfair lending practices in the credit industry through a new regulatory entity, the National Credit Regulator (NCR) which comes into existence on I June 2006. The new institution is established in terms of the National Credit Act No. 34 of 2005, which was signed into law by President Thabo Mbeki on March 1 5 2006. The legislation was introduced and adopted by the National Assembly during 2005. In addressing the National Assembly on the National Credit Bill during October 2005, Minister Mandisi M pah ..

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