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Filter: National Credit Act
When credit agreements get sticky

06 May 2025

Navigating the ins and outs of credit agreements under the National Credit Act can feel like walking through legal quicksand.... One wrong clause or overlooked procedure, and your entire case could come undone. Before enforcing your rights, make sure you’re not stepping into a sticky situation of your own making.

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91
Article
Do you need to register as a credit provider? Here's when and how

06 May 2025

Thinking of granting credit, even just once? You might be surprised to learn that doing so—even for as little as... R1—could trigger a legal requirement to register as a credit provider. With recent changes lowering the registration threshold to zero, understanding when and how to register is more important than ever. Whether you're a business or an individual, here's what you need to know before issuing credit in South Africa.

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77
Article
Be wary of an ‘instant loan’

15 September 2022

Open any newspaper, check your junkmail or read one of the many unsolicited sms or WhatsApp messages and you will... find an advertisement from a credit provider offering an instant credit loan, some even going so far as to state you are immediately approved. But how legit are these solicitations? 

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1039
Article
Can a bank transfer funds from one account to another without your permission?

11 November 2019

I have two accounts with the same bank. I am in arrears on my home loan payments but will be... receiving money into my savings account. It’s not my money, but money from my sister that I must use to help arrange for her wedding and expenses. I’m just worried that the bank will see the money and then take it to settle my arrears on my home loan. Can they do this?

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920
Article
Should I get regular statements from my credit provider?

16 October 2019

I hardly ever receive statements from my credit providers. Surely, they should be sending me regular statements so I can... see what I owe them. What does the law say about this?

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Article

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