A recent debt summit in Midrand shows that there is still continued widespread abuse and exploitation of garnishee orders especially in impoverished communities.

The National Credit Regulator (NCR) was established under Section 12 of the National Credit Act, Act 34 of 2005 (NCA) to oversee the South African credit industry.

Below is a copy of the article with originally appeared in the April 2019 edition of the official South African attorneys' journal De Rebus.

The National Credit Act No. 34 of 2005 ("the NCA" or "Act") has had a significant impact on transactions involving deferred payment and interest in South Africa.

The National Credit Bill, which proposes a number of significant and far reaching changes to our consumer credit laws, is expected to become an Act by the end of this year.