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National Credit Act

​​​​​National C​​redit Act

The National Credit Act No. 34 of 2005 (“NCA”) applies to all credit agreements concluded with natural persons and all other entities (such as companies, trusts, partnerships and close corporations) with an assets value or annual turnover that is below R1 million.

The purpose of the NCA is to regulate all affected credit activities and agreements, provide improved rights for credit consumers and promote responsible credit granting and fair credit practices.

The Land Bank is bound by the provisions of the NCA and accordingly adheres to its provisions.​