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The National Credit Act, No 34 of 2005 (Act), in the words of Nicholls AJA, “is not a model of clarity, has been bemoaned by the High Court, this Court and the Constitutional Court on a number of occasions”.
Previous articles written on this subject matter dealt with the Bill, its objectives and to some extent, the process that has been followed in getting the Bill to where it is now.
On 24 November 2017, the Portfolio Committee on Trade and Industry published the draft National Credit Amendment Bill, 2018 for public comment.