Amended credit act ‘could unlock R25bn’
Debt counsellors want the law changed to widen their sphere of operation
30 June 2024 - 06:21
The government should amend the National Credit Act (NCA) to give debt counsellors the power to restructure more categories of debt, including unpaid bills for municipalities and fee-paying schools.
This could unlock R25bn in value for the South African economy, Benay Sager, chair of the National Debt Counsellors Association, told Business Times. ..
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