News Archive

When do I register?
In terms of The Act, a credit provider or a credit bureaux must register within 40 business days of the commencement of The Act after 1st June 2006.

In the first year after 1 June 2006, once you have submitted an application to register with the Regulator, you are automatically considered to be registered until a decision is taken on your application by the NCR.

If you are not registered with the NCR, you cannot extend credit or trade as a credit provider.

Debt counsellors must register by 1 June 2007



National Credit Act (Act No. 34 of 2005)

The purpose of this Act is to promote and advance the social and economic welfare of South Africans, promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market and industry, and to protect consumers

ENACTED by the Parliament of the Republic of South Africa, ASSENTED to by the President on 15 March 2006

The Act establishes a National Credit Regulator, to carry out education, research, policy development, registration of industry participants, investigate serious complaints, and ensure enforcement of the Act.

Umthetho wezikweletu (Umthetho No. 34 ka 2005)

Izinhloso zalomthetho ukuthuthukisa nokwenza ngcono isimo somnotho
nenhlalakahle yezakhamuzi zaseNingizimu Afrika, ukugqugquzela ukungenzeleli, nokuthi konke okumayelana nokwebolekisa ngezimali
kucace bha, kube sesimeni sokuncintisana, ukuba sezingeni elemukelekayo, ukufinyeleleka kalula kuwona wonke umuntu
kanye nokuvikelwa kwamakhasimende

UGUNYAZWE iPhalamende laseNingizimu Afrika,
WEMUKELWA uMongameli zingu 15 March 2006

Umthetho lona uvele nekhambi lokuthi kusungulwe uphiko oluzolawula iziNkampani ezibolekisa ngezimali i National Credit Regulator, nokuyilona oluzobhekana noqeqesho,ucwaningo, ukwenziwa ngcono kwenqubomgomo, ukubhalisa kwabazoba yingxenye yalemboni,
ukuphenywa kwemibiko yabakhononda ngokungaphatheki
ngendlela ngababolekisa ngezimali kanye nokuqinisekisa ukuthi umthetho lona njengoba ubekiwe nje uyaqala ukusebenza.

Nasionale Kredietwet (Wet Nr. 34 Van 2005)

Die doel van die wet is om die maatskaplike en ekonomiese welvaart van
Suid-Afrikaners te bevorder, n regverdige, deursigtige, mededingende, volhoubare, verantwoordelike, doeltreffende en toeganklike kredietmark
en bedryf te bevorder en om verbruikers te beskerm.

UITGEVAARDIG deur die Parlement van die Republiek van Suid-Afrika. GOEDGEKEUR deur die President op 15 Maart 2006.

Die wet maak voorsiening vir ‘n Nasionale Kredietreguleerder om opvoeding, navorsing, beleidsontwikkeling en registrasie van deelnemers in die bedryf te behartig, ernstige klagtes te ondersoek en die toepassing van die Wet te verseker.

Molao wa bosetshaba (wa dikoloto wa bo 34 wa 2005)

Maikaelelo a molao o, ke go tsweletsa tswelopele ya ma-Afrika Borwa go sa tsewe letlhakore, go dirwa ka maikarabelo mmogo le go sireletsa badirisi mo go amogeleng ditirelo

Molao o tsentswe tirisong ke palamente wa be wa fetesiwa ke presidente ka 15 tsa Mopitlwe 2006

Molao o tlhomile Botsamaisi jwa Bosetshaba jwa dikoloto, go ruta badirisi, go sekaseka, tlhabololo ya meono, ikwadiso ya batsayakarolo mo madirelong a dikoloto, go batlisisa dingongorego tse di tseneletseng le go netefatsa gore molao wa matlafadiwa.

Nawu wa swikweleti (Nawu wa No 34 wa 2005)

Swikongomelo swa nawu lowu i ku kondletela ni ku hluvukisa mahanyelo ni ikhonomi ya ma-Afrika dzonga, ku kondletela
irhelo ra kahle, ro vonaka, ra nkarhi hikwawo, ra vutihlamuleri, ro tirheka,
makete ya swikweleti ni mitirho ya vumaki yo fikeleleka ni ku sirhelela
vatirhisi

WU PASISIWE hi palamende ya Rephabiliki ya Afrika dzonga,
Ri AMUKERIWE hi President hi 15 Nyenyankulu 2006

Nawu lowu wu simeka malawulelo ya rixaka ya swikweleti, ku yisa
emahlweni dyondzo, vulavisisi ku hluvukisa matirhelo, ku tsarisa va
hoxa xandla eka vumaki, ku lavisisa swivilelo swa nkoka, no vona leswaku
nawu lowu wa landzeleriwa.