CAPE TOWN - About 40 percent of the country’s 23 million credit-active consumers are classified as impaired.
The consistent violation of the Right to Protection from Unfair Lending and Debt Abuse under the National Credit Act (NCA) of 2005 is a serious concern.
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Despite the NCA requiring affordability assessments by lenders to prevent reckless lending.
South Africans still end up in debt spirals.
Samantha Moyana from National Debt Advisors, spoke to eNCA.