Committee adopts credit bill
The National Credit Amendment Bill was adopted by Parliament's trade and industry portfolio committee on Friday.
The measure will now go to the National Assembly on Tuesday for debate.
According to a memorandum attached to the bill, its main objective is to address problems that have materialised in the implementation of the 2005 National Credit Act.
The bill seeks, among other things, to make it illegal to collect prescribed or expired debts.
Changes adopted by the committee on Friday include a clause to revise the governance structure of the National Credit Regulator.
This will see the board removed and the NCR becoming directly accountable to the minister.
- Sapa