Minister Davies to address media on the National Credit Amendment Bill 2013
The Minister of Trade and Industry, Dr Rob Davies, will brief the media on the National Credit Amendment Bill 2013 after extensive public consultation and the Bill has been approved by the Portfolio Committee on Trade and Industry.
The details of the briefing are as follow:
Date: Thursday, 27 February 2014
Time: 12h00 to 13h30
Venue: Imbizo Media Centre, Parliament, Cape Town
NB: There’ll be a video link to GCIS’s Tshedimosetso House
The Bill provides amongst others the followings:
- Removal of adverse credit information
- Affordability assessment regulations
- Registration of any person who offers credit (Credit providers)
- Non termination of credit agreement when the dispute is in court, debt counselling, or mediation.
- Issuance of rehabilitation certificate by the debt counsellor
- Industry Code to be prescribed by the Minister
The Bill also provides for the capping of costs of credit insurance by Minister of Trade and Industry in consultation with Minister of Finance.
RSVPs should be directed to Bongani Lukhele: BLukhele@thedti.gov.za or 012 394 1643/ 079 508 3457
Enquiries:
Sidwell Medupe-Departmental Spokesperson
Tel: 012 394 1650
Cell: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
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