Government, parliamentary and legislative information on financial matters, including National Treasury and SARS.

National Credit Act Regulations Imminent

Department of Trade and Industry

Draft regulations flowing from the National Credit Amendment Act have been developed and will be published before the end of July 2014.

The trade and industry department confirmed this during a briefing to the trade and industry committee on the work of the department’s Consumer and Corporate Regulation Division with particular focus on consumer protection.

President Signs Customs Control Bill

The Presidency

A bill designed to provide a platform for the implementation of the recently promulgated Customs Duty Act has been signed into law.

The Customs Control Bill was passed by parliament at the end of March 2014 and sent for assent.

Standardised Credit Affordability Tests Under Construction

Department of Trade and Industry

Standardised affordability tests to be conducted by credit providers are in the offing.

In a statement, the trade and industry department indicated that regulations to put a common framework for assessing potential debtors in place will be released before the end of July 2014.