National Credit Act

Frequent short-term borrowing can hurt your bond application because lenders see it as a sign of financial instability, even if you make repayments on time

The Johannesburg high court found the company’s product was at odds with the National Credit Act

New legislation seeks to close regulatory gaps to protect consumers and promote a competitive digital finance system

Consumers can get their lives back after going under debt review although the process is not easy

A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end

But amid worries that consumers could binge on credit there are signs they are handling debt better

Courts and competition tribunal will test whether the telco is liable for losses its errors have caused

TransUnion CEO Lee Naik stressed the ruling does not scrap the entire National Credit Act regulation, which makes provision for responsible lending

JP Verster was right about African Bank and Steinhoff but disagrees with Viceroy’s latest report

When banks offer bad debtors more credit, they put lives at risk, not just their own bottom line.

Of the 18.84-million credit active people in the country, 46.7% of them have impaired records, the National Credit Regulator said in October 2011.

Banks have expanded and are entering the highly profitable market of credit with care, or so they claim.

The Constitutional Court will hear argument on Tuesday on whether defaulting debtors must receive notice before action is brought against them.

South African banks say that a bid to bolster basic human rights by reinterpreting the National Credit Act could endanger the entire credit industry.

Headlines proclaim gloom for households but finance industry figures say otherwise.