The Department of Trade & Industry (DTI) is currently holding public hearings in order to ascertain if the Bill is in line with the Constitution – this in an effort to ascertain the possible impact.
Genesis Analytics has been tasked to independently assess the socio-economic impact that the Bill may have. Seeing as debt intervention is aimed at low affordability consumers and may impact debt review, debt counsellors have been urged to participate in a survey.
Parliament has confirmed that the National Credit Amendment Bill has been passed by the National Council of Provinces plenary.
