ATC171114: Interim report of the Portfolio Committee on Trade and Industry on the Committee’s legislative proposal to amend the National Credit Act, 2005 (Act No. 34 of 2005), dated 14 November 2017

Trade, Industry and Competition

Interim report of the Portfolio Committee on Trade and Industry on the Committee’s legislative proposal to amend the National Credit Act, 2005 (Act No. 34 of 2005), dated 14 November 2017
 

The Portfolio Committee on Trade and Industry, having requested the permission of the House in terms of Assembly Rule 273(1) to introduce a legislative proposal, namely the National Credit Amendment Bill, reports as follows:

 

1. On 6 December 2016, the Committee submitted a report to the House requesting permission to introduce a legislative proposal, namely the draft National Credit Amendment Bill.
2. On 2 March 2017, (see Minutes, dated 2 March 2017) the House accordingly granted the Committee permission to proceed with the legislative proposal.
3. The Committee has developed the necessary legislation and intends to publish the draft National Credit Amendment Bill, 2017, in the Government Gazette in accordance with Assembly Rule 275 by no later than 28 November 2017, for public comment.
4. The closing date for comments will be Monday, 15 January 2018.

 

The Democratic Alliance abstained.