Debt may be owing
Transactions entered into before the implementation of the National Credit Act would remain enforceable, the credit regulator said yesterday.
The National Credit Act, which was signed into law by President Thabo Mbeki on March 15 last year, is aimed at regulating the credit granting industry, curbing reckless lending and ensuring that consumers are protected from unfair business practices.
Debt counselling services will be available from June. - BuaNews