Debt relief law passes constitutional muster, says Ebrahim Patel
The banking industry had petitioned the president not to sign the bill in its current form
03 December 2019 - 20:04
Trade & industry minister Ebrahim Patel says SA’s controversial debt-relief law passes constitutional muster and most countries have similar laws to tackle over-indebtedness.
“All over the world, there is legislation to deal with high debt levels,” Patel said in response to questions in the National Assembly. He said President Cyril Ramaphosa had consulted with legal experts before signing the bill into law. The experts had all approved...
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