National Credit Regulator of South Africa

Straight from the horses mouth! Information provided by NCR.

Objectives of the National Credit Act

The purpose of this act is to promote and advance the social and economic welfare of South Africans, promote a fair, transparent, competitive  sustainable, responsible, efficient, effective and accessible credit market and industry, and to protect consumers.

There are 9 steps for the reason the National credit regulator was launched;

  • Step 1: promote black economic empowerment and ownership within the consumer credit industry
  • Step 2: prohibit certain unfair credit and credit-marketing practices
  • Step 3: promote responsible credit granting and prohibit reckless credit granting
  • Step 4: provide for debt re-organisation in cases of over-indebtedness
  • Step 5: regulate credit information
  • Step 6: provide for registration of credit bureau, credit providers and debt counselling services
  • Step 7: establish national norms and standards relating to consumer credit
  • Step 8: establish the National Credit Regulator and the National Credit Tribunal
  • Step 9: repeal the Usury Act, 1968, and the Credit Agreements Act, 1980, and to provide for related incidental matters

The NCR website can be found here on

The National Credit Act of South Africa

We have a massive section designed and dedicated specifically to the National credit act and what it means for South Africans. This is the entire reason why South Africa needed a regulator, as the credit act is what helped South Africa through the tough credit crunch.

The Consumer Protection Act of South Africa

Consumers, it’s time you were protected too. In line with the national credit act, South Africa got it’s very own consumer protection act as well. Read up on your rights as a consumer.

Download Free Simple Guide to the National Credit Act 2007