An incidental credit agreement is one of the credit transactions to which the
National Credit Act 34 of 2005 (“the Act”) applies. It is clear from the definition of “incidental credit agreement” that such a transac-
tion entails the provision of goods or services. It does not matter whether the
goods or services have already been delivered to the consumer or whether they
still have to be provided to the consumer over a period of time. The latter possibility presupposes an undertaking by the credit provider to supply goods or
services to the consumer over a period of time in the future. The impression is
therefore created that the credit provider may bill the consumer (an account was
tendered – my emphasis) for goods or services that have not yet been provided.
This study focused on three central themes of formal microcredit markets performance in Sudan. The first theme analysed determinants of participation and level of participation of small-scale enterprises owners in formal ...
The National Credit Act 34 of 2005 introduced the concept of reckless lending into the South African credit market. It set out a regulatory framework in chapter 4 part D that provided for the credit provider s assessment ...
Vessio, Monica Laura(University of Pretoria, 2016)
The National Credit Act 34 of 2005 was the ultimate product of an initiative by the
Department of Trade and Industry to address the shortcomings of the previous
legislative enactments in the area of credit regulation, that ...