National credit amendment bill likely to do more harm than good

October 2, 2018

VAAL TRIANGLE - Economist Dawie Roodt says the National Assembly’s adoption of the National Credit Amendment Bill is likely to do more harm than good. The bill is aimed at persons earning R7500 or less a month and the first step is to allow indebted consumers a period of five years to pay their debt. Roodt says once the bill is passed into law, poor and deeply indebted consumers might have to pay more for a loan.
PHOTO: (Supplied)



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