Although the Amendment Act of 2019 is not effective yet, one can find quite a large amount of fake news regarding debt relief on social media. But what is it really? How does it work, and what is the impact of the amended National Credit Act on credit providers and consumers? These questions have no easy answers, and with COVID-19 impacting on the liquidity and cashflows of consumers and companies alike, the protection afforded by the NCA becomes very relevant and very real. Join us on this session as we navigate the amended Act in detail and discuss the requirements and protections afforded to both credit providers and consumers.

• Overview of the Act • Credit agreements the Act is applicable to • Requirements for credit providers • Consumer rights • Debt intervention and over indebtedness • Protection afforded by the Act in situations of over indebtedness • Reckless credit and how to avoid it • The national credit regulator and their mandate

☒Auditors ☒Bookkeepers ☒Financial accountants ☒Compliance officers