On August 13 2019 President Cyril Ramaphosa signed the Credit Amendment Bill, also known as the “debt relief bill”, that seeks to help over-indebted South Africans with a monthly income of R7,500 or less.

The bill has been met with hesitation from banks and opposition parties but studies show that around 9-million South Africans stand to benefit from debt relief...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.