WATCH: African Bank on the debt-relief bill
African Bank CEO Basani Maluleke talks to Business Day TV about the legislation and what it means for banks
President Cyril Ramaphosa signed the controversial debt-relief bill into law last week.
The legislation provides for the extinguishing of the debt of heavily indebted consumers who earn a gross monthly income of no more than R7,500, have unsecured debt amounting to R50,000 and who have been found to be critically indebted. ..