CARMEL RICKARD: Loans that mean instant trouble
The National Credit Regulator was within its legal rights to raise suspicions about a company offering ‘instant loans’, the appeal court has found
07 July 2022 - 05:00
The National Credit Regulator (NCR) is one of the most potent weapons in the fight to protect the poor against loan sharks, so it came as something of a shock when the high court in Pretoria found against the regulator last year and ordered costs against it.
Fortunately, the NCR challenged that outcome, and the Supreme Court of Appeal has now set the matter to rights...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.