Debt-relief measures ‘will reward irresponsible consumers’ – Independent Online

Debt Help

Proposed legislation to help over-indebted consumers might prove to be a double-edged sword, discouraging consumers from managing their credit responsibly, the Banking Association South Africa (Basa) warns. The organisation was referring to the draft National Credit Amendment Bill, which was published by Parliaments portfolio committee on trade and industry last year. Public hearings on the…