Explore the Category

An evaluation on the draft Debt Collectors Amendment Bill 2016

11 August 2016 | General

The preamble of the draft Debt Collectors Amendment Bill states that recent court cases and media reports have highlighted the flagrant abuses prevalent in the collection of debt. It is therefore evident that the recent decision of the Western Cape High Court in the matter of University of Stellenbosch Legal Aid Clinic and others v Minister of Justice and Correctional Services and others (South African Human Rights Commission asamicus curiae) [2015] 3 All SA 644 (WCC) has significantly influenced the proposed inclusion of attorneys within the ambit of the draft Debt Collectors Amendment Bill.

The NCR's power to initiate a complaint in its own name comes under the spotlight

04 August 2016 | General

In the recent appeal decision in National Credit Regulator vs Capitec Bank Limited and Another (the Capitec case), the High Court of South Africa ruled on the power of the National Credit Regulator (NCR) to initiate a complaint in its own name and to refer such a complaint to the National Consumer Tribunal (Tribunal).

The credit data evolution – a powerful and progressive landscape

19 July 2016 | General

The evolution of credit data, which has resulted in the sharing of detailed credit information among credit lenders, is beneficial both at the micro- and macro-economic levels. Over just a few short years, we have seen some significant milestones in the processing of credit information, to the extent that we can definitely call it an evolution and even, arguably, a revolution in some aspects.