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South Africa: Debt Relief Law a Cause for Concern for South Africa's Banks?
allAfrica, 19 August 2019
President Cyril Ramaphosa has signed the National Credit Amendment Bill into law. The law, also referred to as the "Debt Relief Law", will afford low-income workers and… Read more »
Debt Relief Law a Cause for Concern for South Africa's Banks?
President Cyril Ramaphosa has signed the National Credit Amendment Bill into law. Referred to as the "Debt Relief Law", the legistlation saw opposition from the banking sector and the Democratic Alliance over concern that it will have 'serious economic implications'.
