Any attempt to remove bonds from the debt counselling process would be against the spirit and the letter of the National Credit Act (NCA), according to Unisa professor Michelle Kelly-Louw, who assisted with the drafting of the legislation.
She says South Africans did not enjoy much in the line of protection against over indebtedness and the National Credit Act is an attempt to change that. Any attempt to remove protective measures granted to individuals should be vigorously opposed.
“I have no reason to believe that the government will bow to pressure to change any aspect of the NCA, and to my knowledge there is absolutely no effort under way to remove bonds from the protection of the act. There are also no plans to remove or in any way change the protection granted to consumers under the in so-called in duplum rule.”