Several amendments to the National Credit Act, 34 of 2005 were introduced by the National Credit Amendment Act, 19 of 2014. These amendment have a major impact on credit providers working in the industry as well as on all credit consumers. These changes are significant and the industry is now more regulated than ever before. It is important that all credit providers and consumers understand these new rules.

Overview of debt statistics in South Africa Who is a credit provider? What is a credit agreements in terms of the Act? Meaning of an incidental credit agreements and how it is regulated by the Act What type of credit transactions are excluded by the Act? Impact on loans within the scope of an employment relationship The new registration requirements for credit providers Unlawful credit agreements and the consequences of entering into one Reckless credit agreements and the consequences of entering into one Prohibited credit marketing practices Consumers rights i.t.o the new amendments to the Act Pre-agreements and the new rules as to what information must be disclosed to consumers Maximum interest rates, costs and fees that are allowed to be charged The in duplum rule explained The cost of credit and what needs to be explained to the credit consumer Termination of agreements and the surrendering of goods allowed i.t.o the Act The debt enforcement process explained Importance of the section 129 notice to the credit consumer The effect of the new Child Maintenance Bill on credit consumers The debt counselling process explained The use of a Payment Distribution Agent Issuing of clearance certificates by debt counsellors The credit amnesty process explained The new affordability assessment process explained and how it will effect credit consumers The new rules relating to prescribed debts

Accounting professionals and their staff Bookkeepers and financial assistants Creditors and debtors clerks Credit consumers Credit and risk department officers and staff Credit control and management officers and staff Loans and customer service staff Anyone else who would like to learn more about the National Credit Act