Portfolio Committee on Trade and Industry Presentation on Draft National Credit Amendment Bill

Publication Date:
02/12/2018 07:25:47
debt-relief

Introduction

  • The Banking Association South Africa (BASA) is the industry representative body for commercial banks which consists of 35 local and international member banks.
  • BASA supports the objective and purpose of the National Credit Act (NCA) and believes that over-indebtedness is a social and economic challenge that has far reaching consequences for the economy and society.
  • The banking sector is a key  stakeholder in the assessment, review and feasibility of the proposed debt intervention measures, given that banks grant 76.3% of new credit in the market (*NCR CCMR Q3-2017).
  • The banking sector supports targeted and sustainable debt intervention measures that limits uncertainty and unintended negative consequences to the credit market, South African economy and society. 
  • Our presentation today is supplemented by our detailed written submission dated 22 January 2018.  

Download the full Portfolio Committee on Trade and Industry Presentation on Draft National Credit Amendment Bill

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