national credit actlatest news & developments
Short-term or unsecured loans are not an evil to be avoided entirely. They can be good for consumers and the economy — when used responsibly.

How short-term loans could cost you your dream home

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

  • Des Erasmus
5 min read
The high court in Johannesburg has ruled against JDG Trading. Illustration: Lisa Nelson

Loan company exploited social grant beneficiaries, high court rules

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

  • Eyaaz
3 min read
New legislation seeks to close regulatory gaps to protect consumers and promote a competitive digital finance system. Photo: Nadine Hutton/Bloomberg via Getty Images)

Buy now, panic later: A legal deep dive into South Africa’s payment revolution

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

6 min read
Millions of South Africans are drowning in debt. Consumers owe more than R2.5 trillion to their creditors

Editorial: Financial illiteracy breeds debt

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

  • Eyaaz
3 min read