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.
Maodi, Lorraine Pearl(University of Pretoria, 2015)
This study is a critical analysis of section 89(5) of the National Credit Act, with specific focus on section 89(5)(c). Although section 89(5) deals with the consequences of unlawful credit agreements listed under section ...
Brits, Reghard(Academy of Science of South Africa, 2018-01-08)
The National Credit Act 34 of 2005 prohibits the granting of reckless credit and also provides for certain remedies that courts can grant to consumers who have fallen victim to reckless lending practices. Depending on the ...