Question

What is the purpose of National credit act

Answer 1

National Credit Act
Act No. 34 of 2005
“The purposes of this Act is to promote and advance the
social and economic welfare of South Africans, promote
a fair, transparent, competitive, sustainable, responsible,
efficient, effective and accessible credit market and
industry, and to protect consumers”
ENACTED by the Parliament of the Republic of South Africa,
ASSENTED to by the President on 15 March 2006
“The Act establishes a National Credit Regulator, to carry out
education, research, policy development, registration of industry
participants, investigate serious complaints, and ensure enforcement
of the Act. “

http://www.ncr.org.za/publications/Brochure%20(English).pdf