Explainer: Debt-relief bill unpacked

On August 13 2019 President Cyril Ramaphosa signed the Credit Amendment Bill, also known as the “Debt Relief Bill”, that seeks to help over-indebted South Africans with a monthly income of R7,500 or less. The bill has been met with hesitation from banks and opposition parties but studies show that around 9 million South Africans stand to benefit from debt relief.

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