The National Credit Act has fundamentally changed the way companies do business in the credit space.

This includes your average business to man in the street.

Do you consider selling something on credit and charging interest?

Do you consider making a couple of rand by lending money to someone?

Be very careful.

You may have to register as a credit provider with the National Credit Regulator.

You need to make double sure that you carry out the affordability test when you grant credit to a third party and the transaction falls in the NCA.

Please contact us if you require assistance with the workings of the NCA.