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.

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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.